Replies to post #14996 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[DarkPool]

GDXJ. It will. Just dumb money hasn’t caught on yet.

[Meximus]

I've been pretty angry about that.
I bought 11's and 12s almost a year ago, and I was sitting thinking we should hit 50s and 60s, but never did.

I then started adding NAV, share prices, assets under management, etc. to my expected price, and that has tamped my expectations.

Now, I just sell 1$ and 2$ swings because you never know when they will double or triple their shares.

I don't know if you recall, but they released a statement they were suspending share creation at the broker's side, and then lifted that restriction after a few weeks.

This only means that the brokers can swamp the price of JNUG to what their current position is, and I believe they are all short.