So as of now if GDXJ runs back to previous highs, JNUG will barely get to $10/share. That is criminal knowing JNUG was sitting at $105 last time GDXJ reached the mid 40’s. Again. Criminal.

Criminal...

Listening to these newbies here is making my head hurt. They’re in for a rude awakening....

Should have never got back into these garbage vehicles. Hard enough to make money in this market, but this is outright Criminal.

Went from a triple 3X etf to even money. Dirtiest shit I’ve ever seen. Penny stocks have more stability.

So derivative design and function should be allowed to diverge and breakdown at any time, and traders or investors should be tolerant and in acceptance of that.....

Isn’t that incredible! No way that should be acceptable. Due to market volatility! R u kidding me. JNUG went from $105 to $4. There’s nothing more volatile than that. Where was the divine intervention then. Now a guy wants to play both sides to try and get some money back and they shrink the gaps so there is less up and down side profit potential. What some dirty pIeces of shit.

Russian mobsters have more morals than these direxion mofo’s

And NUGT’s underlying index is up 8% !?

Unless there was a premarket rebalance, it’s all f’ed up yet again.

I saw that too. That’s the second time in recent past that I’ve seen a share increase without a pr.

Nice increase on heavy volume today. ???

They have the luxury of rebalancing daily. F’in crooks!

It got rebalanced so it’ll never get back to that in similar fashion. That gap vanished. We’ll need GDXJ to soar in order for JNUG to get back to the $100 level.

Exponential drop. Incremental climb. It’s gonna take many more days like today to get me whole. But it’s a start. Lucky for those who got in so much lower.

Well if it uncoils anything like tvix you could be right. Only issue is someone or something manipulated this fund and devalued it. Not sure they’ll let it run. Hoping you’re right tho and I’m wrong. The inverse JDST went from $6 to $40 in a few days so I guess it’s possible. Seems like NUGT is trading more rationally and in tune with its tracking vehicles. We’ll find out soon enough. Dollar will continue to self destruct so we should be on the right side of things.

If there is a rebalance to JNUG, today seems to be it. JNUG down marginally to GDXJ, in comparison to NUGT and gold in general.

Once Russia plays ball again, it’ll be on fire. Just a matter of time. They won’t hold barrel prices here for long.

Incredible. News like that should run gold to oblivion. Dollar will get destroyed. Too bad JNUG is already broken or it would run like tvix.

I believe montanore. If so, a rebalance should occur....

This has to be an unprecedented move for any trading vehicle. My bad for making this one of my biggest holdings and not trading it as intended, holding in this down market, but who could have or would have thought this to be a possibility. While the rest of the market will rally back, this etf will more than likely languish and reverse split only to start all over again for the next set of suckers that think JNUG and NUGT has a direct correlation to gold. Monday should be telling....GLTY

Further...
If JNUG were to perform as indicated by running 3X the percentage move of GDXJ, which clearly it has been disconnected from to the downside the last several trading session, GDXJ would have to go up near 60% for JNUG to simply recoup Friday’s loss. That’s not going to happen. So either JNUG needs to gap up independently of GDXJ or this is the new valuation for this etf. Bull chit all around, again regardless if there was a massive holding dump in Europe on Friday. The valuation calculations tied to the vehicle it tracks should put this back where it belongs, which is much higher than its current price. We’ll find out soon enough.

The big question is, will it adjust over the next few trading sessions to realign with the instrument it tracks? 30% vanished Thursday and Friday at the bell. But If so a major gap up would have to occur to account for those misaligned actions without GDXJ not moving in tandem. Would that happen or is this the new valuation for JNUG? Seems like a one way street in that JNUG is only allowed to go down in that fashion, but not allowed to go up. Criminal regardless of the reason for this.
A 30% positive day at these levels amounts to a measly $1.50 now. It’ll take 10 consecutive sessions of high percentage positive moves to simply get this anywhere near where she was trading just a week ago.

Would need four straight sessions of 100% gains just to get near the recent highs. Think about that. Nothing could create that, yet it was easy enough to collapse it in that fashion. Disgusting. Direxion = criminals

Sure seems like it. NUGT is trading as expect. GDX tradings as expected. GDXJ trading as expected. JDST trading as expected. JNUG major disconnect last few sessions.

Disgusting. It didn’t realign with the instruments it follows. Seems criminal.

Not sure where you’re seeing that. TD is still showing an AH price of $7.70. Maybe not current on my app, but if you’re right, you’re set for a gap up tomorrow for sure. Wish I had some dry powder, there is a lot of moola to be made across all boards.

Defies logic. It’s not like all junior miners went tits up in one day. GDXJ got wrecked therefore JNUG gets triply wrecked. Idk. Maybe massive late day margin calls and sell off? $105 to $8. How is that possible?
It blows thru the floors of NUGT and GDXJ when it was trading exceptionally higher and follows the similar components. Baffling.

So NUGT survives and JNUG is on her way to liquidation?
Seems impossible that this fund could do this....

Nothing improves NUGT. UGLD will run while NUGT and JNUG continue to decline. Miners are disconnected to gold. They are more connected to the the indices at this point, which is ridiculous.

Which would give NUGT a price target of $35. So essentially no change. Buy UGLD.

If not now then when will this turd run? Seems like the perfect storm, for gold, miners, gold bull vehicles.
Same old chit I guess.

This thing is bouncing around like hooker the day before her rent is due. What gives?!

No one wants to jinx this....

Interesting increase in volume as well. Wouldn’t it be something if they found a way....

They should have hired me.....

A decade ago I was pushing for them to do a watered down version of ampakine indicating a nootropic styled effect simply to generate cash flow while they pursued more life threatening purposed indications.

Hopefully the cannabinoid direction offers quick a to market product as Im not sure they have any cash to continue funding their pipeline. Low float exists but we all know what steps these biotechs go thru to raise cash. Never good for the shareholder. But hey, there’s a heartbeat.

Sounds promising vs where I thought they were. Lights are clearly on but not sure how focused their energies are pertaining to their platform. Hanging on for a Hail Mary.

I wish someone would tell my portfolio that! Target coronavirus and we go to $100/share lol.

Let’s hope ur right....

Sittin on a k shares each of NUGT and JNUG. Been holding onto my nutz like a jackrabbit in tiger pit.

As weasel mentioned tho, UGLD is a better way to play this gold move. Just compare the charts and you’ll see. Maybe miners catch up at some point, but gold strength plays better in that etf.

I had a feeling the preferred offering was a last ditch effort to use shareholder monies to fund operations, essentially kicking the can down the road. They’re probably using the preferred proceeds to pay the monthly interest due to the very money they borrowed, rather than utilizing it efficiently to scale and grow revenues to support that high interest payment.

“But these guys have no business running a public”

Ain’t that the truth. Their concern for their shareholders is and has always been secondary to their self-serving greed.

This smells. This type of price action wreaks of something bad coming down the pipe. Even if BlackRock were liquidating their shares, I don’t think you’d see this type of price destruction. Ugly.
Insiders must know something and the silence from the company makes me feel something is up.

Ugly pattern here. Zero support. Nothing to explain this type of free fall. Insiders might know.