Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Quote:
I don't predict price highs/lows for leveraged ETFs unless within the context of a very short term technical aspect. Anything else is bull$hit and butterfly guessing...

For you yes..

No, actually, that applies to any rational trader/investor that understands how they work. Leveraged ETFs should never be treated the same as non-leveraged ETFs. The built-in decay factor alone is enough to illustrate that let alone other nuances. Yet, it never ceases to amaze me the number of folks that don't understand that...