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yeah those and the dust covered calls would be sweet.
thanks
The spot gold price has gone up through $1,295/toz to $1,295.21/toz.
lifter i want to see your positions
about the screen shots, it would be cool to take a look at your positions, i know some people are real private but im interested
now gold is at 1270 and 1300 is gone
The spot gold price has gone down through $1,275/toz to $1,274.92/toz
post a screen shot of that to me
The spot gold price has gone down through $1,300/toz to $1,299.84/toz
yeah bro
The spot gold price has gone up through $1,320/toz to $1,320.38/toz.
warren buffet lower case, owns no gold
The spot gold price has gone up through $1,315/toz to $1,315.06/toz
DIREXION SHARES ETF TRUST
Direxion Daily Developed Markets Bear 3X Shares (DPK)
Direxion Daily Gold Miners Bull 3X Shares (NUGT)
Direxion Daily India Bull 3X Shares (INDL)
Direxion Daily Natural Gas Related Bear 3X Shares (GASX)
Direxion Daily Real Estate Bear 3X Shares (DRV)
Direxion Daily S&P 500® Bear 3X Shares (SPXS)
(formerly Direxion Daily Large Cap Bear 3X Shares)
Direxion Daily Semiconductor Bear 3X Shares (SOXS)
Supplement dated July 22, 2013 to the
Summary Prospectus, Prospectus and Statement of Additional Information (“SAI”)
dated February 28, 2013, as last supplemented May 16, 2013
The Board of Trustees of Direxion Shares ETF Trust (“Trust”) has approved a reverse split of the issued and outstanding shares of the Direxion Daily Developed Markets Bear 3X Shares, Direxion Daily Gold Miners Bull 3X Shares, Direxion Daily India Bull 3X Shares, Direxion Daily Natural Gas Related Bear 3X Shares, Direxion Daily Real Estate Bear 3X Shares, Direxion Daily S&P 500® Bear 3X Shares (formerly Direxion Daily Large Cap Bear 3X Shares) and the Direxion Daily Semiconductor Bear 3X Shares (each a “Fund”, collectively the “Funds”).
After the close of the markets on August 19, 2013, the Funds will affect reverse splits of their issued and outstanding shares as follows:
Fund Name
Reverse Split Ratio
Approximate decrease in total number of outstanding shares
Direxion Daily Semiconductor Bear 3X Shares
1 for 4
75%
Direxion Daily Real Estate Bear 3X Shares
1 for 4
75%
Direxion Daily Developed Markets Bear 3X Shares
1 for 4
75%
Direxion Daily India Bull 3X Shares
1 for 4
75%
Direxion Daily Natural Gas Related Bear 3X Shares
1 for 4
75%
Direxion Daily S&P 500® Bear 3X Shares
1 for 5
80%
Direxion Daily Gold Miners Bull 3X Shares
1 for 10
90%
As a result of this reverse split, every four, five or ten shares of a Fund will be exchanged for one share as indicated in the table above. Accordingly, the total number of the issued and outstanding shares for the Funds will decrease by the approximate percentage indicated above. In addition, the per share net asset value (“NAV”) and next day’s opening market price will be approximately four-, five- or ten-times higher for the Funds. Shares of the Funds will begin trading on NYSE Arca, Inc. (“NYSE Arca”) on a split-adjusted basis on August 20, 2013 (the “Effective Date”).
The next day’s opening market value of the Funds’ issued and outstanding shares, and thus a shareholder’s investment value, will not be affected by the reverse split. The tables below illustrate the effect of a hypothetical one for four, five and ten reverse splits anticipated for the Funds, as applicable and described above:
1 for 4 Reverse Split
Period
# of Shares Owned
Hypothetical NAV
Total Market Value
Pre-Split
120
$10
$1,200
Post-Split
30
$40
$1,200
1 for 5 Reverse Split
Period
# of Shares Owned
Hypothetical NAV
Total Market Value
Pre-Split
120
$10
$1,200
Post-Split
24
$50
$1,200
1 for 10 Reverse Split
Period
# of Shares Owned
Hypothetical NAV
Total Market Value
Pre-Split
120
$10
$1,200
Post-Split
12
$100
$1,200
The Trust’s transfer agent will notify the Depository Trust Company (“DTC”) of the reverse split and instruct DTC to adjust each shareholder’s investment(s) accordingly. DTC is the registered owner of the Funds’ shares and maintains a record of the Funds’ record owners.
Redemption of Fractional Shares and Tax Consequences for the Reverse Split
As a result of the reverse split, a shareholder of a Fund’s shares potentially could hold a fractional share. However, fractional shares cannot trade on the NYSE Arca. Thus, a Fund will redeem for cash a shareholder’s fractional shares at the Fund’s split-adjusted NAV as of the Record Date. Such redemption may have tax implications for those shareholders and a shareholder could recognize gain or loss in connection with the redemption of the shareholder’s fractional shares. Otherwise, the reverse split will not result in a taxable transaction for holders of Fund shares. No transaction fee will be imposed on shareholders for such redemption.
“Odd Lot” Unit
Also as a result of the reverse split, the Funds will have outstanding one aggregation of less than 50,000 shares to make a creation unit, or an “odd lot unit.” Thus, the Funds will provide one authorized participant with a one-time opportunity to redeem the odd lot unit at the split-adjusted NAV or the NAV on such date the authorized participant seeks to redeem the odd lot unit.
warren buffets gold target 550 , my goal target 35956+2369586269562562695295* infinity
i want to know for sure but nugt is going to split and hit
The spot gold price has gone up through $1,315/toz to $1,315.20/toz.
4th red day in a row
I would say uslv .... but you cant go wrong here
gold could hit 700 like warren buffet wants so damn bad
3rd red day in a row
well its 1242 am in Hawaii and were flat
11:05 Hawaiian time nugt 7.61
where is everyone??? 102 pacific time?
thanks for the link!!
nice , hey do u got a link,
what jumped? what are you even speakin of
Only in america will gdx be green dust green nugt red,
$480.00 -3.06%
I declair war .....
THERE IS NO STOCK SYMBOL D GOLD ALSO , WHO MADE YOU THE CHARMAIN OF THE BOARD AND WHY WILL GOLD HOVER BETWEEN 1300-1350???????? CANT WAIT FOR A DETAILED EXPLANATION
We started off with a 100-year inflation adjusted chart on gold for a reason: ... If these charts follow each other from one period to the next, that would equate to a gold price of roughly $675 by February of 2014. ... For $7 trillion dollars…you could have all the farmland in the United States, ... --Warren Buffett
the biggest holding in gdx at almost 14 which 300% of that is nugt goldcorp gg is a big deal
GG announced Q2 earnings of $0.14 per share (vs. $0.275) at 7/25/2013 8:00:00 AM ET
Options expire on Saturdays
nugt got raped in 2013 its down for the count about to get the ko
Sell what calls on nugt lifter??? can you be detailed specific with #'s and keep in mind im at 20 bucks a share, why dont you show everyone here some real life examples with the current option nugt price. Matter a fact that goes for anyone
lifter, I dont want my shares called away . the premiums are worthless. if i called all my shares out for a 20 price i would get like 15 dollars for 2000 shares, i dont need 15 dollars
i dont have any money left to buy anything , my nugt is damn near worthless and all my options that i had about 10k worth are 99% down, its over
this stock is about to split 1 for 10, i cant see this being good for the future, this means i will need nugt to go over 200 per share to break even :( kill me and put my ashes in the pacific ocean
wow i didnt understand any of that
gold is down 7 bucks a once,, hopefully she turns it around looking extremly red day