Direxion Daily Gold Miners Index Bear 2X SharesArca
Description
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Near-term increased in USD buying power and increasing interest rates suggest a reversal in inflation coming soon. With the inverse relationship that commodities like gold share I would expect mid to long term outlook to be anti-gold.
Keeping in mind there are some market risks associated with this play. Recession potential can push out timeline or entry point. Ongoing Ukraine ware can also push out entry point.
I would tentatively build a long position with a close eye on potential recession catalysts like an escalation in Ukraine and further defaults from Evergrande.
Thanks and well done on sharing your first idea with the community. We hope you found it an easy challenge. Thank you for contributing :) From mod @zAngus
From mod @zAngus