US25460G8318 - ETF
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Investors in Direxion Shares ETF Trust - Daily Junior Gold Miners Index Bull 3X Shares (JNUG) saw new options become available today, for the April 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the JNUG options chain for the new April 1st contracts and identified one put and one call contract of particular interest.
Investors in Direxion Shares ETF Trust - Daily Junior Gold Miners Index Bull 3X Shares (JNUG) saw new options begin trading today, for the December 24th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the JNUG options chain for the new December 24th contracts and identified the following put contract of particular interest.
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.
Gold futures (XAUUSD:CUR) wrapped up their best monthly gain in more than four years, settling +1% at $1,985.90/oz.
The JNUG ETF is a terrible way to play rising gold prices unless you are a day trader. Gold prices likely won't peak for a while anyway.
Gold futures (XAUUSD:CUR) finished at their highest settlement since September 2011, climbing back above $1,800/oz.
JNUG stock is a leveraged play on a leveraged play on a leveraged play on gold. If inflation rises JUNG could rocket to a 10x return.
With central banks flooding the world economy with liquidity, geopolitical tensions and uncertainty with elections, JNUG stock may run higher.
Interest in JNUG stock has risen in recent weeks, but for most types of investors it's not a worthwhile investment
JNUG stock is risky, but if investors view it like a call option during periods of economic instability, it holds great potential.
Gold futures tumble to two-month lows as the U.S. labor market unexpectedly rebounded in May, raising the appetite for riskier assets.Comex August gold (XAUUSD:CUR) -2.5% at $1,683.50/oz., and a settl
Given the current economic dynamics, there's a strong case for gold investments. However, JNUG stock is not one of them.
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 make sure you understand what you’re really buying.
If the global recession gets worse in the rest of the year, then gold stocks may continue to be good buys.
The longer you hold onto a 2X leveraged ETFm the higher the chances that your returns will be disappointing.