Direxion Daily Gold Miners Be (DUST)

[str8_chuter]

You asked:

Is there anyway to know the value of DUST if gold hits $1000?

Unfortunately, no. DUST is not tied to $GOLD directly but rather to GDX.

The miners often do their own thing. Many of them used to hedge forward production but most abandoned that policy when $GOLD experienced its last bull market. Few went back to hedging even though $GOLD has gone nowhere for years. As long as the price stays above all-in production costs, seems few bother to hedge.