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

[food4thought]

When looking at the chart, that puts it pretty close doesn’t it. Add in decay and we are where we are.

Problem is, at least for me, GDXJ could get its 40% back, which would return it to its recent high, JNUG would then, at 3X, get 120% back and put it at a measly $12, off its recent high of $105. And that’s if JNUG maintains its 3X leverage, which is supposed to get adjusted to 2X come May 10th? I guess that’s what you get when you hold a leveraged etf in a down market. Averaging down is my only friend if this continues to trend upward.

GLTY as well