Replies to post #6142 on Direxion Daily Gold Miners Bull 2X (NUGT)

[Random Thoughts]

Nugt is supposed to reflect 3x GDX Bull. If GDX is not at its 52 week low and NUGT is then clearly something is afoot. If GDX continues to fall, so will NUGT. If GDX falls $2 to it low on Monday at roughly 22.21 that would be a 8.3% drop or a 25% drop in NUGT. 25% of NUGT price today would be roughly $34. That is NUGT's true bottom if you will. The descrepency is due to decay.