It's nice when markets perform as expected. That's what's happening with gold and gold miners stocks and exchange traded funds this year.
The SPDR Gold Shares (NYSE: GLD), the world's largest gold-backed ETF, is up 22 percent this year. That has spurred the Market Vectors Gold Miners ETF (NYSE: GDX), the largest gold miners ETF, to a year-to-date gain of 88 percent. With GDX up that much, it should not be surprising that the Direxion Daily Gold Miners Bear 3X Shares (NYSE: DUST) is down nearly 94 percent and was recently reverse split 1-for-10.
Traders that have had the fortitude to hold on to DUST's bullish counterpart, the Direxion Daily Gold Miners Bull 3X Shares (NYSE: NUGT), have been ...
/www.benzinga.com/analyst-ratings/analyst-color/16/06/8128057/a-bold-bearish-call-on-gold-miners alt=A Bold, Bearish Call On Gold Miners>Full story available on Benzinga.com
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