Direxion Daily Gold Miners Bull 2X (NUGT)

[lifter]

i agree I think nugt is just as bad as uvxy, on uvxy you deal with beta decay and contango on nugt you deal with miners not being a good business model first and foremost, but you can also loose out even if gold is making a run cause if the market goes down gdx is usually right with it or not far behind. I would say even if you long dust sell calls to insure profit and offset any decay. A wise man would think about shorting nugt and dust at the same time