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ETF ETN 1X 2X 3X
Is it really a 2x fund when it couldn’t make it as a 3x fund
I say they are a fraud. Take a look at tvix it didn't crater.
Just another way to steal peoples money and give it to Direction.
Following the March 13th peak, DUST cratered more than 80% in value.
Adding to DUST's problems was the fact that it was disconnecting from its underlying index. Small premiums and discounts can be expected from time to time in ETFs, but DUST's premium spiked to as much as 24% and its discount sunk to as low as -8%.
The Fed has since stepped in to reduce some of the market's overall volatility, but DUST's problems were bigger than that.
What Caused The Change In Leverage Exposure?
In short, it's a liquidity issue. The commodities markets have been very volatile to begin with, which has certainly contributed to its issues, but the imbalance of buyers and sellers and the rising costs of attempting to establish leveraged exposure to certain sectors has made it impractical to continue with its objective for the time being.
DUST is a very risky investment under normal market conditions, but the current bear market in commodities has highlighted some of the additional risks that come with these types of products, notably a lack of liquidity and the possibility of disconnecting from its underlying asset.
Effective after market close on March 31, 2020, the Direxion Daily Gold Miners Index Bull and Bear 2X Shares changed their investment objectives and daily leverage from 300%/-300% to 200%/-200%. Read More.
The Direxion Daily Gold Miners Index Bull and Bear 2X Shares seek daily investment results, before fees and expenses, of either 200%, or 200% of the inverse (or opposite), of the performance of the NYSE Arca Gold Miners Index.** There is no guarantee the funds will meet their stated investment objectives.
These leveraged ETFs seek a return that is 200% or -200% of the return of their benchmark index for a single day. The funds should not be expected to provide two times or negative two times the return of the benchmark’s cumulative return for periods greater than a day.
** Through March 31, 2020, the Fund sought daily leveraged investment results, before fees and expenses, of 300% or -300%, of the performance of the NYSE Arca Gold Miners Index.
* * $DUST Video Chart 03-31-2020 * *
Link to Video - click here to watch the technical chart video
DUST IS NOW A 2X FUND
source discussion board ETF ETN 1X 2X 3X
between January 1, 2008 and December 31, 2009. While the S&P 500 ETF (SPY) declined by 20%, the Gold Miners ETF (GDX) declined 6%
Patience paid off and DUST closed at$3 level. Time to bounce the day trade
Looking good day looks like Fed done beating down Gold price but let’s have a little more patience
* * $DUST Video Chart 03-30-2020 * *
Link to Video - click here to watch the technical chart video
Used to listen but couldn’t take the whole “30 minute timeframe” speech at the beginning. Decided to listen to the one he posted for DUST and he didn’t do that speech. Maybe I’ll give him a try again. Thanks for your post.
March 25, 2020 /PRNewswire/ -- Due to significant market disruption and volatility on March 24, 2020, the Direxion Daily Gold Miners Index Bull 3X Shares (NUGT) and Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG) will not have exposure of 300% to the market today. At market open, the Direxion Daily Gold Miners Index Bull 3X Shares and Direxion Daily Junior Gold Miners Index Bull 3X Shares will have exposure of approximately 220% and 220%, respectively
Thanks Clay, added more at 2.3, hoping for a nice bounce to 2.7 in the next few days! Best to all here.
* * $DUST Video Chart 03-26-2020 * *
Link to Video - click here to watch the technical chart video
Bought in at 2.18. Will hold for a possible bounce. Best to all here. Hoping for 2.70 in the next day or so.
On radar here for a bounce! Best to all.
Out of DUST at $2.19 for a 9ct gain
In DUST at $2.10 for a day trade stoploss set
Subscribe and I'll do them for a monthly fee. Do them Eod so i dont have to make any real calls.
I actually think Claytrader’ videos are informative. Takes the time to do them as well.
Gotta love the haters that bring nothing to the table. But will tear down others work.
There he is lol. Ridiculous anybody subscribing to this guy.
* * $DUST Video Chart 03-25-2020 * *
Link to Video - click here to watch the technical chart video
It's suppose to. Robin hood opens up at 9 and it should be a great day
gold goes down dust goes up,3x bearish?
wtf is this
That's crazy!! I expect dust to take off today. Gold prices are down and markets started selling the news
yes how?
yes why?
gold goes down more dust goes down more,WTF is going on
We need a direction on this one crayons. Help me please!!
* * $DUST Video Chart 03-24-2020 * *
Link to Video - click here to watch the technical chart video
Let's make a call here crayon man
Stop loss at $4.80 yesterday
* * $DUST Video Chart 03-23-2020 * *
Link to Video - click here to watch the technical chart video
Out @ $5.80. Small flip. But it is all the market gave me today.
Out of DUST at $5.61 from $4.82 entry this morning. Keep on manipulating that Gold price MR FED
Entered a DUST position now for a quick day trade stop loss set.
* * $DUST Video Chart 03-19-2020 * *
Link to Video - click here to watch the technical chart video
Here she is guys. Crayons!!
* * $DUST Video Chart 03-18-2020 * *
Link to Video - click here to watch the technical chart video
Here he is to tell folks what happened. Crayons everybody!!
* * $DUST Video Chart 03-17-2020 * *
Link to Video - click here to watch the technical chart video
Yep, the volatility in thi sector is amazing
Can't wait to see what happens tomorrow
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