Replies to post #9689 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[zambono]

The dilution is completely up to Direxion

[Meximus]

Stratton,

What's the false information? Point it out so we can actually discuss it.

What I do know is that the average realized price of gold for miners was somewhere around 1180-1200 for Q1 2017. Gold has stayed above $1250 for Q2. You can't tell me that the gold stocks are reflecting any of that.

And if Direxion's GDXJ sat on a horde of cash instead of investing it, they are to blame, not disinfo.
Disinfo is telling people that ETFs are well managed animals. They are bets (just like you said) and are not investments.

[Marketwise]

The R/S is irrelevant, however, things like JNUG's vs. GOLD's chart, the decay in JNUG, and where you see GOLD heading over the next six months are all very relevant to mastering a workable trading strategy for JNUG - or GDXJ - which is essentially JNUG without the leverage and therefore without the big decay element. Junior miners have been weak wrt to gold over past two months (check out GDXJ two month chart vs. GOLD two month chart) so trade or invest in either or both JNUG and GDXJ but with appropriate caution and diligence, imo.