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Posted by
Two Blokes May 5 -
Filed in
Stock
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The Direxion Daily Gold Miners Index Bear 2X Shares ETF is designed for short-term traders to exploit gold price pullbacks, but not suitable for long-term bearish bets. The recent pullback in gold prices may be partly attributable to new production coming online from Artemis Gold's Blackwater property and Sierra Madre's Coloso project. Despite short-term pullbacks, I remain bullish on gold long-term and rate DUST as a Hold, suitable only for risk-seeking, short-term traders.
