3X Gold ETF's (amongst others) :-

We now have 3X bull/bear gold funds (amongst others) :-

Trev

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BOSTON, Sept. 21, 2011 /PRNewswire/ -- The Board of Trustees of the Direxion Shares ETF Trust has approved changes to the names, investment strategies and investment objectives of 10 leveraged funds, based on the recommendation of the funds' adviser, Rafferty Asset Management, LLC. The funds' investment objectives will seek daily results, before fees and expenses, of 300% or -300% of the performance of the Fund's target index. The funds previously sought daily results of 200% or -200%.


(Logo: [url]http://photos.prnewswire.com/prnh/20100701/NY29766LOGO[/url] )


The changes will be effective December 1, 2011 and apply to the following Direxion funds:


Current Fund Name
New Fund Name


Daily BRIC Bull 2X Shares
Daily BRIC Bull 3X Shares


Daily BRIC Bear 2X Shares
Daily BRIC Bear 3X Shares


Daily India Bull 2X Shares
Daily India Bull 3X Shares


Daily India Bear 2X Shares
Daily India Bear 3X Shares


Daily Gold Miners Bull 2X Shares
Daily Gold Miners Bull 3X Shares


Daily Gold Miners Bear 2X Shares
Daily Gold Miners Bear 3X Shares


Daily Natural Gas Related Bull 2X Shares
Daily Natural Gas Related Bull 3X Shares


Daily Natural Gas Related Bear 2X Shares
Daily Natural Gas Related Bear 3X Shares


Daily Retail Bull 2X Shares
Daily Retail Bull 3X Shares


Daily Retail Bear 2X Shares
Daily Retail Bear 3X Shares


[url]http://finance.yahoo.com/news/Direxion-Changes-Investment-prnews-4895[/url]...

[QUOTE=manucastle;16949]We now have 3X bull/bear gold funds (amongst others) :-

Trev

============================================================
BOSTON, Sept. 21, 2011 /PRNewswire/ -- The Board of Trustees of the Direxion Shares ETF Trust has approved changes to the names, investment strategies and investment objectives of 10 leveraged funds, based on the recommendation of the funds' adviser, Rafferty Asset Management, LLC. The funds' investment objectives will seek daily results, before fees and expenses, of 300% or -300% of the performance of the Fund's target index. The funds previously sought daily results of 200% or -200%.


(Logo: [url]http://photos.prnewswire.com/prnh/20100701/NY29766LOGO[/url] )


The changes will be effective December 1, 2011 and apply to the following Direxion funds:


Current Fund Name
New Fund Name


Daily BRIC Bull 2X Shares
Daily BRIC Bull 3X Shares


Daily BRIC Bear 2X Shares
Daily BRIC Bear 3X Shares


Daily India Bull 2X Shares
Daily India Bull 3X Shares


Daily India Bear 2X Shares
Daily India Bear 3X Shares


Daily Gold Miners Bull 2X Shares
Daily Gold Miners Bull 3X Shares


Daily Gold Miners Bear 2X Shares
Daily Gold Miners Bear 3X Shares


Daily Natural Gas Related Bull 2X Shares
Daily Natural Gas Related Bull 3X Shares


Daily Natural Gas Related Bear 2X Shares
Daily Natural Gas Related Bear 3X Shares


Daily Retail Bull 2X Shares
Daily Retail Bull 3X Shares


Daily Retail Bear 2X Shares
Daily Retail Bear 3X Shares


[url]http://finance.yahoo.com/news/Direxion-Changes-Investment-prnews-4895[/url]...[/QUOTE]

From December 1, 2011 That is !

Trev

Thank you Trev,

At last some leveraged gold miners ETFs! Unfortunately it is not clear to me they will be using the exact same index as GDX.
We'll check that for sure.
Billy

[QUOTE=Billy;16961]Thank you Trev,

At last some leveraged gold miners ETFs! Unfortunately it is not clear to me they will be using the exact same index as GDX.
We'll check that for sure.
Billy[/QUOTE]

I trade DUST and NUGT, which are the 2x Direxions on GDX, and over the last 100 days the closing correlation with GDX is 1.000 (to that decimal). Bid/Ask is quite favorable, and I've had no issues loading/unloading positions.

We'll have to wait and see to get a history for the 3x.

Regards,

pgd