NUGT / As Gold Soars, This 2X Leveraged Fund Is Climbing In Tandem: What To Watch

Direxion Daily Gold Miners Index Bull 2X Shares NUGT was spiking about 3.5% higher on Tuesday, continuing to fly north within a rising channel patter more_horizontal

Owners of the Direxion Daily Gold Miners Index 2x Bull ETF can create leverage of 3x to 5x the typical value changes in gold bullion in a bull upmove. more_horizontal

Gold production is higher than gold consumption, which might be a reason for gold prices not skyrocketing, despite the current uncertain economic scen more_horizontal

Direxion Daily Gold Miners Index Bull 2X Shares NUGT was rising more than 1% on Tuesday in tandem with spot gold, which was moving about 0.5% higher, more_horizontal

The global transition to alternative energy sources is feeding into early strength for critical minerals. Demand may rise over the coming years. more_horizontal

Direxion Daily Gold Miners Index Bull 2X Shares NUGT gapped down almost 6% lower on Friday, when the ETF ran into a group of buyers who knocked it dow more_horizontal

Direxion Daily Gold Miners Index Bull 2X Shares NUGT gapped up 2.45% higher on Wednesday, where the ETF ran into a group of sellers who knocked it dow more_horizontal

If gold has printed an 8-year cycle low, NUGT will undoubtedly attract interest among speculators. Buying volume has been to the fore in recent sessio more_horizontal