Direxion Daily Gold Miners Bull 2X (NUGT)

[food4thought]

Yeah, I understand the direct correlation to GDX, which is correlated to miners, who’s revenues are correlated more so and directly by the price gold. I was simply bridging the gap and showing how upside in gold tends to be spoken to as having no direct effect on NUGT, yet every time gold goes down it appears to have a direct and immediate amplified effect on the price of NUGT. Seems like a one way street to the ghetto is all.
Can’t imagine why I’ve traded this and JNUG for the past five years and find myself up a measly $5400 as a result of 50-100k holdings. Felt like this go around was going to be different.
GLTY.