At this writing late in Friday's session, the Direxion Daily Gold Miners Bull 3X Shares (Direxion Shares Exchange Traded Fund Trust (NYSE: NUGT)) is down nearly 10 percent, while its small-cap counterpart, the Direxion Daily Junior Gold Miners Index Bull 3X Shares (Direxion Shares Exchange Traded Fund Trust (NYSE: JNUG)), is lower by a similar amount.
Underscoring just how much gold and gold miners have rallied in a short time frame, JNUG and NUGT could each endure 10 percent losses Friday and still head into the weekend with an average month-to-date gain of nearly 115 percent.
The Bulls And The Bears
Obviously, Friday's performances cast a pall over JNUG and NUGT, perhaps emboldening fans of the Direxion Daily Gold Miners Bear 3X Shares (Direxion Shares Exchange Traded Fund Trust (NYSE: ...
/www.benzinga.com/trading-ideas/long-ideas/16/02/6701508/some-say-the-gold-miners-trade-is-back alt=Some Say The Gold Miners Trade Is Back>Full story available on Benzinga.com
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