Direxion Daily Gold Miners Bull 2X (NUGT)

[trunkmonk]

NUGT goes up 2.5x and goes down up to 4x GDX. Nothing to do with gold in that regard. NUGT reacts to GDX directly, GDX reacts to gold directly because gold price directly impacts miners bottom line. NUGT fund managers are corrupt and as you say, you see stronger moves down and an investor should only get in and out according to these very manipulated moves. GDX picks which miners are in it’s portfolio. I haven’t looked lately or filled in the intro with NUGT distribution but they suck no matter what it currently is.