Direxion Daily Gold Miners Index Bear 2X Shares

DUST

Market cap $17.9M

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Over the last few years, the market has seen a number of trends that have led to huge market moves.

Gold and silver have surged, with miners up 180% in the past year, driving extreme overbought conditions in GDX. DUST, a 2x leveraged inverse ETF on GDX, is positioned as a short-term trading hedge, not a long-term investment. Technical signals—RSI near 80, GDX 61% above its 200 DMA, and historic monthly overbought readings—suggest a pullback is likely.

Earlier this year, gold reaching $3,000 represented a moonshot target. Back in October 2024, Bank of America's commodity analyst Michael Widmer caused a stir, noting that the precious metal could reach the aforementioned price due to rising concerns over U.S. fiscal policies and their potential impact on Treasury yields.

Gold has had a strong run in 2025, benefiting miners in the process. But does the rally still have legs or will it slow down to a proverbial crawl?

Leveraged ETFs that have shorted some of the year's winningest sectors have lost more than 80% of their value. Strategy (MSTR), formerly MicroStrategy, has seen its bubble burst in 2025.

While tech and tariffs may represent the most influential drivers in the market this year, the precious metals complex has benefited from an unusually bullish backdrop. Along with general fears tied to economic stability, inflation has been at the forefront of investors' minds.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

While artificial intelligence may dominate headlines, it's the gold market that deserves everyone's attention — at least that's the argument forwarded by renowned macro investor Ray Dalio. With the world order shifting and debt assets' risk profile rising, gold has emerged as the superior store of wealth.

While innovative sectors such as artificial intelligence consistently grab headlines, few industries have been as holistically profitable as gold. Heading into the tail end of summer, the yellow metal was already a star asset, trading around $3,400.