Below you will find all of the latest information on direxion daily junior gold miners index bull 3x ETFs and stock symbols.
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To learn more about each of these ETF stock tickers, refer to a description of each below. All descriptions are provided courtesy of ETF.com.
- NUGT – NUGT is a 3x leveraged bet on the NYSE Arca“ shines in liquidity with very strong daily volume and reasonable spreads” Gold Miners Index—a market-cap-weighted index of large gold and silver mining firms.
- JNUG – JNUG provides geared exposure (3x) to the“designed to be used as a tactical trading tool” Market Vectors Junior Gold Miners Index—a market-cap-weighted index of global gold mining companies that derive at least 50% of their revenue from gold or silver mining activities.
- DUST – DUST is an extremely aggressive inverse play“the market for DUST is extremely active” on perhaps the most widely followed gold mining index—the NYSE Arca Gold Miners Index—and the widely held ETF that tracks it: GDX.
- JDST – JDST debuted on 10/3/13. The fund provides“regularly reset your exposure to get the multiple for more than 1 day” geared inverse exposure (-3x) to the Market Vectors Junior Gold Miners Index—a market-cap-weighted index of global gold mining companies that derive at least 50% of their revenue from gold or silver mining activities—for 100 bps a year. The index caps exposure to silver mining firms at 20% during each quarterly review.
While the common rule of thumb is to buy stock and invest for the long haul, the complete opposite is how leveraged ETF should be traded. Since each ETF will have “decay” associated with its holdings, it will inevitably lose money over time. This can clearly be seen when looking at a multi-year chart of any of the ticket symbols above. However, if you catch any of these ETFs at the right time, they can quickly move in any given direction in several multiples.
Below you will see a 5-year chart of NUGT, and how prices and decay have dragged the stock down to nothing from its peak highs, despite how well it has actually performed over the past two years.
To see all long term charts for the Direxion leveraged gold miners ETFs, refer to the Yahoo ticker symbols below.
- NUGT – https://finance.yahoo.com/quote/NUGT
- JNUG – https://finance.yahoo.com/quote/JNUG
- DUST – https://finance.yahoo.com/quote/DUST
- JDST – https://finance.yahoo.com/quote/JDST
Just as important as tracking each of the symbols below, it’s important to track previous metals as well. Gold and silver are the two main components when investing in miners.
Watch Current Gold Prices
With gold, silver and precious metals all playing an important role with how these ETFs fluctuate throughout the day, you can also find the latest gold price charts below as well.
GOLD PRICES: Just like the stock market, the price of gold is moved by a combination of supply, demand and investor behavior. At the same time, world events and financial changes may also bring large swings to the precious metal as well. When the stock market is dropping or a financial crisis is taking place, many investors will start running to gold as a safe haven for their investment money and funds. Refer to the live chart below for latest prices on gold.
SILVER PRICES: Over the past decade, there has been plenty of movement in silver. From earlier days in the $7/oz range to hitting a high of over $30/oz in 2011 and now falling back to the high teens, silver has become an active precious metal in itself. Silver prices are often affected by demand and safe-haven buying. While gold is a more expensive precious metal, there is definitely a much higher demand for silver as it’s used in many products we all use today. Refer to the live chart below for latest prices on silver.
Popular Websites and Communities for Gold Miner ETFs
In addition to the information found on this website, you will also find the following sites and communities useful.
- InvestorPlace – The Best and Worst Part of Trading Gold ETFs
- Investopedia – How the Gold Miners Bull 3x (NUGT) ETF Works
- Direxion – Daily Junior Gold Miners Index Bull and Bear 3x Shares
- Stocktwits – $JNUG Direxion Daily Jr Gld Miners Bull 3X Shrs stock and investing
As always, happy investing and day trading!