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Gold Mining ETF (DUST), Saves Gold Stock Investors
Pinnacle Digest writes: Gold stock investors have been holding the bag lately and watching their investments get crushed at the hands of panic selling and negative sentiment. Is this justified? Not in our opinion, but that doesn’t matter. What matters is finding a way to combat the losses (despite the fact they are widely believed to be temporary).
In this article, Stewart Thomson breaks down exactly how to play gold stocks and how not to be one of the suckers selling into the panic. He promotes gold stocks over the long-term, but encourages investors to act as professional traders would.
You may not be familiar with DUST, which is a triple leveraged ETF that shorts the GDX (Market Vectors Gold Miners), but it’s worth learning about if you are interested in hedging your gold stock bets in volatile times. DUST, which also trades on the NYSE, has increased 100% over the last two months (thanks to the triple leverage component and the 4 month decline in gold stocks).
Learn how Stewart Thomson is using the Daily Gold Miners Bear (DUST:NYSE) to his advantage during this down market.
Click here to read article.