Replies to post #13428 on Direxion Daily Gold Miners Bull 2X (NUGT)

[trunkmonk]

glad to help, I dont like it when decent investors get hosed, I dont care what happens to some, they deserve everything they dont get.
I bought 100 shares at 33 way back, got hosed. even with some research no one really said what was going on with ETF, just that its not for everyone.
I plan to not hold long anymore and try to only buy just before a run, they need to do serious changes on regulating ETFs. they seem to be a good vehicle for hot sectors, which I think will happen to gold very soon.
NEM is up 48c pre market, its a bell weather stock and in this ETF.