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

[BAMF1984]

These ETFs are based on a collective of mines, actual dig-in-the-ground mines. The ‘decay’ is in part overhead costs (wages, insurance, etc). This is the time of year the mines start cutting hours, thus cutting production. Less production means less value. In the words of the wise Edward Stark, “ Winter is coming”.