Replies to post #20314 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[Lowjack]

It's based on the stock price movements of the stocks that make up the index. Target is 2X of the move. Sometimes the Dog wags the tail and not the other way around.

https://www.direxion.com/product/daily-junior-gold-miners-bull-bear-2x-etfs

Stocks in the Index
https://files.direxionfunds.com/DirexionWebsiteFiles/holdings_jdst.csv

[JohnCM]

GOLD 1.29%

GLD 0.0
GDXU 3.8
NUGT 2.1
JNUG 1.1
GDMN 1.3

[JohnCM]

Gold UP. What makes this move???!!!
Understood we’re leveraged but c’mon now!

UKRAINE