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przemyslaw-radomski

How about using DUST ETF for precious metals trading?

March 2, 2012, 12:00 PM Przemysław Radomski , CFA

I would like to suggest mentioning DUST to you subscribers when discussing the HUI stocks on Fridays. It involves a bit of decay as an ETF, but for a few days or a week it is a good trade at 3x leverage. This stock has an advantage over GLL or ZSL in that it goes down when gold goes down or the stock market tanks.

We agree that it’s a good idea to look at the DUST ETF. DUST is the symbol for the Direxion Daily Gold Miners Bear 3X Shares and, as its name suggests, it's a fund that moves inversely to the mining stocks (specifically the GDM Index), while providing 3x leverage. This makes it a useful trading tool for those who are willing to bet on lower mining stock prices.

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