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The One That Got Away: DUST

Published 11/13/2016, 11:21 PM
Updated 07/09/2023, 06:31 AM

Last week was one of those in which, had you known what was going to take place, you could have turned $10,000 in a million. There was so much insanity between the “all clear” letter from the FBI (doesn’t that seem like ten years ago?) and the close on Friday, multi-thousand percent profits would have been feasible.

One easy example is the triple-bearish-on-miners ETF symbol Direxion Daily Gold Miners Bear 3X Shares (NYSE:DUST). Had one bought this Wednesday morning, based on the notion that a Trump victory would make gold unappealing, they would have been looking at over a 100% just two days later. Gold might make a small recovery, but I think miners are heading MUCH lower.

DUST Chart

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