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Direxion Daily Junior Gold Miners Idx Bull 2X Shs JNUG

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index includes companies from markets that are freely investable to foreign investors, including emerging markets, as that term is defined by the index provider. It is non-diversified.


ARCA:JNUG - Post by User

Direxion Daily Junior Gold Miners Idx Bull 2X Shs
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Post by laffinatbaggieson Aug 13, 2018 2:57pm
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Post# 28451561

Junior gold miners will continue to fall....

Junior gold miners will continue to fall....As I stated in the previos post on JNUG, gold will continue its decline to test $1000/ounce. That is why I bought a huge postion in JDST in the $40s.  As gold continues to drop, the junior gold miners will get hit the hardest.

Shorting gold and buying JDST was and still is the safest and easiest trade for the next couple of years. Sorry gold bulls/nutbars, there is much more pain to come if you are long gold.

Might be a few small bounces(deadcat style) for gold, but the direction is down.

I am up over +43% from large purchases in JDST this spring. Gotta love these markets.
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