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

[Stratton Oakmont]

Seems to be a lot of false information here. GDXJ is made up of individual smaller cap mining stocks, mostly Canadian. Gold price has to stay up consistently for these to increase profitability and thus increase in share price. JNUG followed GDXJ 3x until this week, where it now trades at a premium. Derexion does not control the individual mining stocks or GDXJ, it only tracks GDXJ. The reverse split of JNUG is irrelevant as it has no bearing on GDXJ. Trade based on what you think smaller Canadian gold mining companies price will be, that's what JNUG is, a leveraged bet they will increase in profitability and thus share price.