3 Leveraged ETF Options for Playing Gold Prices etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
May 7, 2021
A pair of gold miner ETFs from Direxion might be the way to tail legendary investor Sam Zell’s bet on gold, given current inflationary pressures.
As the U.S. economy starts to re-open amid the Covid-19 vaccine deployment, the cost for goods and services could be on the rise. This, in turn, could weaken the dollar while stimulus money is already being pumped into the economy.
It could be tangible assets like gold that could see strong demand. The precious metal is one of the ways investors can shield themselves against a rising tide of inflation.
“Obviously one of the natural reactions is to buy gold,” said Zell in a Bloomberg Television interview. “It feels very funny because I’ve spent my career talking about why would you want to own gold? It has no income, it costs to store. And yet, when you see the debasement of the currency, you say, what am I going to hold on to?”
February 11, 2021
The U.S. dollar, Treasury yields, and gold prices are all working together to create their own symphony. ETF traders have the ability to bring this music to their ears with four leveraged Direxion Investments products.
For moves in gold prices, traders can use the:
Direxion Daily Gold Miners Bull 2X ETF (NUGT): seeks daily investment results, before fees and expenses, of 200% of the daily performance of the NYSE Arca Gold Miners Index. The index is comprised of publicly traded companies that operate globally in both developed and emerging markets and are involved primarily in the mining for gold and silver.
Dig Into Precious Metal Strength with These Gold Miners ETFs February 2, 2021
Last year’s safe haven scramble saw gold rise to new highs with silver tethering to gold’s success, but it could be the other way around in 2021. Silver prices are jumping, which is helping gold’s cause. ETF traders can play precious metals with a pair of leveraged funds from Direxion Investments.
Rather than play gold directly, traders can use miners via the:
Direxion Daily Jr Gold Miners Bull 3X ETF (JNUG): seeks daily investment results, before fees and expenses, of 200% of the daily performance of the MVIS Global Junior Gold Miners Index. The index includes companies from markets that are freely investable to foreign investors, including “emerging markets,” as that term is defined by the index provider.