Replies to post #46077 on Direxion Daily Gold Miners Bull 2X (NUGT)

[JohnCM]

These are for a TRADE. Hold for NO MORE THAN 14 days. Perfect world, 2 or 3 days.

Makes even more sense now for the fund managers to ignore the massive declines and let all these ETF’s accelerate to the downside then adjust the leverage to 2x at the bottom. Puts a ceiling on the upside and justifies the reverse splits due to maintainable minimum price principles. There is no money for Direxion without decay and reverse splits. Convergence to zero for all of these levered miner ETF’s, NUGT, JNUG, DUST, JDST regardless of how the underlying index is performing. The deck is stacked. Goal post is constantly moving. Rules written with disappearing ink.
Good luck.

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