DUST: Gold Overbought, But I Still Wouldn't Buy This ETF [Seeking Alpha]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Seeking Alpha
However, inverse ETFs like DUST suffer from volatility decay and are difficult to make money from, unless traders have perfect market timing abilities. Instead of DUST, investors should consider reducing their long holdings or buying put spreads as a hedge against a potential gold miners correction. A few days ago, I wrote an article warning that gold bullion is very overbought and prone to a sharp pullback. Since gold miners are very correlated with the price of the commodity, gold investors may be tempted to play a potential pullback in gold miners via a long trade on the Direxion Daily Gold Miners Index Bear 2x Shares ETF ( NYSEARCA: DUST ). Does this trade make sense? In my opinion, unless traders have perfect market timing abilities, it is exceedingly difficult to make money from inverse ETFs like DUST, as it suffers from volatility decay. Instead, I recommend gold investors consider reducing their long holdings or buying put spreads as a hedge. Brief Fund Overview The
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GS
Earnings
- 4/15/24 - Beat
GS
Sec Filings
- 5/3/24 - Form 424B2
- 5/3/24 - Form 424B2
- 5/3/24 - Form 424B2
- GS's page on the SEC website