Junior Gold Mine Bull 3X Direxion (JNUG)
$133.00 3.20 (2.35%)
19:59 EDT JNUG Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap 8.32B
PE Ratio -
Volume (Avg. Vol.) 1.05M
Day's Range 129.86 - 136.00
52-Week Range 3.32 - 191.17
Dividend & Yield N/A (N/A)
JNUG Stock Predictions, Articles, and Junior Gold Mine Bull 3X Direxion News
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Gold prices likely won't peak for a while given the way gold prices performed following the financial crisis in 2008. However, the JNUG ETF is a terrible way to play rising gold prices unless you are a day trader.
As a leveraged fund, the JNUG ETF is simply not appropriate for most investors. However, the present situation for gold makes it compelling. Just be sure that you know what you’re doing.
Junior-mining stocks have done well lately, and the JNUG ETF is a super-simple way to position yourself for gains.
It's easy to get burned trading leveraged ETFs, but they can also be profitable trades. hink of JNUG as a leveraged play on a leveraged play on a leveraged play on gold.
By Ian Cooper
With central banks flooding the world economy with liquidity, geopolitical tensions and uncertainty with elections, JNUG stock may run higher.
While it seems some of the newest traders on the market are flocking toward risky plays like JNUG stock, investors shouldn't overlook how unnecessarily risky it is for most people.
JNUG stock is risky, but if investors view it like a call option during periods of economic instability, it holds great potential.
Direxion recently reduced the leverage ratio of JNUG stock from 300% to 200%. But the shares are still too risky for investors.
Thanks to the return of gold sentiment, leveraged ETFs like JNUG are suddenly on investors’ radar. But before taking a bite, make sure you understand what you’re really buying.
JNUG stock provides double the return of the underlying index over a specific day. Therefore it is only appropriate for short-term traders and not long-term investors.
Holding JNUG only makes sense for traders with a strong tolerance for risky stocks and a specific time frame in mind.
Leveraged ETFs are volatile and that's certainly true of those with JNUG and others with exposure to miners.
Investors should avoid JNUG unless they have experience with leveraged ETFs. Thankfully, there are other options for gold bulls.
Gold mining ETFs line DUST, JNUG and NUGT dish out huge, trade-worthy swings, but the downside of being wrong may not be worth the risk.
While Bitcoin is hogging headlines recently, gold is still as popular as ever. Profit from the trading range in JNUG and GLD.
Direxion Shares Exchange Traded Fund Trust (JNUG) is a high-octane way to play gold's movement, and it seems to be gearing up for success.
3 Stocks to Watch on Friday: Twilio Inc (TWLO), Direxion Shares Exchange Traded Fund Trust (JNUG) and Ruby Tuesday, Inc. (RT)
Twilio (TWLO) is rebounding thanks to analyst love, Ruby Tuesday (RT) continues to spiral and Direxion's 3x junior miners fund (JNUG) surges amid the U.S. strike on Syria.
Gold stocks are oversold and options premiums are pumped. The time is ripe for a GDXJ short strangle trade to capitalize.
From Seeking Alpha
Gold (XAUUSD:CUR) fell as the dollar firmed and a stronger than forecast rebound in U.S. manufacturing sector sparked hopes for a rapid economic recovery.December Comex gold settled -1.7% at $1,944.70/oz., "moving in a completely inverse direction to the dollar today," says Edward Meir, an analyst at ED&F Man Capital Markets, adding that solid July factory orders also weighed on the yellow metal.The dollar rose 0.5%, further recovering from a more than two-year low hit in the previous session.But gold should remain supported as buyers tend to step in on big dips on continued concerns of the pandemic and lower interest rate environment, says George Gero, managing director at RBC Wealth Management.ETFs: GLD, GDX, GDXJ, NUGT, IAU, JNUG, GGN, DUST, PHYS, JDST, SGOL.