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Forum - Direxion Daily Junior Gold Mine - JNUG   

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From: jonnyb (Rep: 94) reply to cjlupardDate: 04/02/2020 18:55
Forum: Direxion Daily Junior Gold Mine - Msg #2112Thread #674139800 (Rec: 0)
Re: You cant compare JNUG to gold.... JNUG works on GDXJ.......Not spot gold pric...

Agree. But JNUG and really any double and triple leveraged ETF end up with a R/S or liquidation because of daily rebalancing, fees, etc. At least the ones I’ve looked at. Great trading vehicle short term though.

Sent from my IPhone



Reply to cjlupard - Msg #2831284 - 04/02/2020 18:39

You cant compare JNUG to gold.... JNUG works on GDXJ.......Not spot gold price, GDXJ has been cut in half, thus JNUG at 4$...... You want ETF for spot gold then use GLD or leverage with UGLD... Thats the bottom line Re: This was $105.00 a share Feb.24. Gold was $1700.00. Gold is now $1650.00 ...
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