Replies to post #3021 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[Bruce A Thompson]

If you read the JNUG website

It clearly states that the ETF will NOT meet the objectives long term. they make it clear that JUNG is intended to be traded and not held long term.

http://www.direxioninvestments.com/products/direxion-daily-junior-gold-miners-bull-3x-etf

[CowBoE]

Yes, while everyone was calling for lower gold and what a resilience it showed in bringing it back up and holding it near $1200.

That said, I wouldn't quite call it a bull yet.

I think it's more like sideways in last 6 weeks or so.

Also, remember that these ETFs are designed to erode in value
every single day, so don't think about doing a long term investment
with them...unless you short and hold it.