Replies to post #9195 on Direxion Daily Gold Miners Bull 2X (NUGT)

[str8_chuter]

Noone,

I would be right there with you buying NEM with both hands at $14.

Not saying it will get there, only that there is serious risk in the stock at the moment.

The gap is from Feb 15, 2001 when it closed at $14.13. There are other gaps in between too.

NEM constitutes 8% of the GDX portfolio (number 3 holding). Looks like this one will be an anchor for the fund to carry around for a while.