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

[food4thought]

100% correct. People overly state when JNUG is struggling to go up, as gold is flying, that this etf is NOT directly tied to gold, but trust me, if gold were to take a 100 point shit, gold’s massive decline would be the immediate and overwhelming excuse for a JNUG collapse.

We’ve been here a long time. We know JNUG isn’t directly connected to gold, but certainly gold’s bullish run should have an obvious impact on this ETF’s ability to run up at an accelerated rate. That simply has not been the case. It’s a contradiction to a contradiction.

Hanging onto this and averaging down like a monkey who enjoys a good kick to nuts but hates the delayed pain that follows.

Go gett’em son.