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

[CowBoE]

Yup...totally manipulated market.

Usually, gold moves inversely to USD, but in recent weeks,
gold has become more sensitive to oil as well...

But what's crazy is...sometime, GDX/GDXJ can sharply move up and down
with the gold moving much...and other times, it's opposite.

So while there are general correlation, its never consistent one day
to another.

BTW, Bloomberg had an article about how this commodity market can be
easily manipulated...and they believe it is being done.

LOL...

This is why I (do short term) trades, and try not to hold it overnight
to not get trapped on the wrong side with overnight gap ups/downs.