Latest Posts
About This Stock
More About This Stock
Read
JNUG: A Weapon Of Wealth Destruction
Article By:
Andres Cardenal
Friday, March 20, 2020 1:31 PM EDT
Direxion Daily Junior Gold Miners Index Bull 3x Shares ETF is a very troubling product for long-term investors and only short-term traders who fully understand the risks should consider it, perhaps as a trading vehicle for intraday positions.
Don’t Miss Your Opportunity In The Greatest Bull Market Ever
I agree that we are setting up for a big run in #gold soon. But given that we could see some downside in the miners over the coming weeks, I just can't see buying a leveraged instrument like $JNUG and riding it down if there is more correction to come. People who want to hold on to something like JNUG should be willing to buy some $JDST as a hedge until the correction plays out. Had I not bought $DUST and JDST as hedge, my gold mining positions would have led to a big draw down in my account.