Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG)

[DownWithPumpers]

We've had this discussion a million times.

Today gold is at about the same price it was on the following dates.
10/28/16 39.61
4/28/16 36.38
3/10/16 28.02

GDXJ went from 28.02 to 39.61 without gold moving up at all.

The fact that GDXJ is back down to 33.70 was totally expected and I've posted about it being very likely over and over again.

The only shocking thing was the size of the bubble in gold stocks. The fact that it burst --- totally normal.