Precious metals and miners make a U-turn

After grinding lower the first week of August, precious metals made a U-turn. The sentiment change sent the heavily depressed miners soaring. HUI/Gold made it to 0.20 last week and now stands at 0.195. (for fresh graphs, check the GoldMinerPulse page). While we could barely imagine any value below that 0.20 threshold until recently, we're glad the gloomy days are behind us (at least for a while). Last Friday gold peaked above $1400 intraday for the first time since early June.

Leveraged Exchange Traded Funds: a trader's tool

Among the ever growing family of exchange traded funds (ETF's), there are quite a few leveraged products. Direxion probably is the larger distributor of this particular type of ETF's.