Technicals Halt Gold Miners ETFs

On Tuesday, the Direxion Daily Gold Miners Bull 3X Shares (NYSEArca: NUGT) and the Direxion Daily Junior Gold Miners Index Bull 3x Shares (NYSEArca: JNUG) saw combined inflows of $25.4 million while traders yanked $12.5 million from the Direxion Daily Gold Miners Bear 3X Shares (NYSEArca: DUST), according to Direxion data.

However, on a month-to-date basis, DUST is the second-best performer among Direxion’s bearish leveraged ETFs while NUGT is the issuer’s second-worst leveraged bullish fund.

Chart Courtesy: Kimble Charting Solutions

Tom Lydon’s clients own shares of GLD.