Replies to post #12504 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[zambono]

They might be cutting hours but they are going to have a killer quarter

[Lion33]

Really, less production means less gold so that would mean higher price because of fewer ounces of gold. Also they are hedged at a certain price and if gold is higher that what’s hedged during that quarter then that would make for a better than expected earnings.