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

[food4thought]

Not a contrarian but.....

These moves are minute, pathetic given the circumstances. You could be grabbing 20-30% moves in equities with far less risk. Not sure who wants these garbage trades anymore. You’re right in the sense that this should be at $100 or more. But it isn’t. Will it ever, regardless of the price of gold? I still hold 500 shares for the hell of it, but with 2x leverage and weak participation, I’m not sure there is a ramp with enough angle here to create a lift off. Hope I’m wrong.