Direxion Daily Gold Miners Bull 2X (NUGT)

[CowBoE]

Its a shock to many new ETF investors, but due to the nature of
how these ETFs are created, the value is designed to decay.

Even if the underlying gold mining stocks for NUGT were to stay
completely same for next 12 months, NUGT will decay in value.

Go read up on Contango effect on ETFs.

This is not just NUGT, but it effect many ETFs in a similar way.