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Direxion Launches Gold Miners ETF

The Direxion Daily Gold Miners Bear 2X Shares ETF will seek daily leveraged investment results.

Direxion will start trading a new ETF on Dec. 8 2010, ETF Daily News reports. The Direxion Daily Gold Miners Bear 2X Shares ETF will seek daily leveraged investment results.

The fund tracks a modified market capitalization weighted index, which consists of publicly traded companies operating globally in developed and emerging markets, and involved mainly in the mining for gold and silver.

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