Bears Take Over Mining Stocks Sentiment Monday September 28Th
Gold and silver are facing heavy selling pressure today, sending leveraged bearish ETFs sharply higher. Spot silver is trading at $60.95 USD -3.24 (-5.05%). Gold and silver have dropped from Friday's close as oil prices climb and rate hike speculation builds.
AdvertisementThe ProShares UltraShort Silver (NYSE: ZSL ) is trading at $27.08 +2.63 (+10.74%)
Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSE: JDST ) is trading at $24.87 +2.28 (+10.09%).
Direxion Daily Gold Miners Index Bear 2X (NYSE: DUST ) is trading at 39.37 +3.37 (+9.36%) as of this report.
Visit the Exploring Mining podcast episode:
Veteran Investor Jeff Phillips: Mastering Volatility in Junior Mining
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