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.

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Direxion Daily Junior Gold Miners Idx Bull 2X Shs > this is just the beginning of the fall of gold

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Post by laffinatbaggieson May 15, 2018 10:08am

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this is just the beginning of the fall of gold

Todays 8% drop in JNUG is just a taste of things to come for gold. Gold will revisit $1050/ounce and then take a run at sub $1000/ounce in the next couple of years. I have been bearish on gold the last few years and will turn bullish in a couple of years when it has bottomed again.

I was extremely bullish in gold and even more so silver 15-20 years ago. But turned bearish 6-7 years ago near the peaks. Money can be made on both sides if you are stuck with your views in only one direction. I will be extremely bullish in silver/gold, but not yet. Let them bottom first. That being said, one can take a "trade" when there are big daily overreactions, but the trend for silver and gold will be down for the next couple of years.

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