Direxion Daily Gold Miners Bull 2X (NUGT)

[tokyopua]

Truthbible, do you understand how these 3X ETF's trade? If you say the highest NUGT will trade is $7, that means a 54% gain for NUGT, BUT ALSO A 54% LOSS FOR DUST because they are inverse ETFs. So, $164 goes to $82 in that case, not the best "long term investment" if you get my drift...

In all likelihood, NEITHER of these ETFs DUST OR NUGT is a good long term play, that is the nature of 3X ETFs, they are TRADING VEHICLES, not long term investments. They both will decay naturally due to fees, etc. If you catch them right, they can be great. I am new here and it sounds like you may have caught DUST right, if so CONGRATULATIONS! But dont expect it to be a "great long term investment" from THESE levels!