That's both the power and the danger of 2X--the bigger spot gets, AGQ just doesn't double, the RATE of DOUBLING, DOUBLES minus 1. The minus 1 is the decay factor, dwarfed by the math of multiplicative derivatives.
If your nose isn't bleeding, you aren't thinking. All numbers are approximate and good luck to all.
Going back to January of this year. AGQ is not out of the channel from the base where it originated. When AGQ fell out of the tight Jan channel, I thought we might get more of a correction. Today, I'm giving AGQ more room to run. I expect these dollar moves to get bigger and bigger as the %'s over time. Similar to TZA in the 2008 dip.
I still think that silver is severely under owned. Nobody owns silver and gold right now. What happens when people want silver and gold and nobody can get it. The U.S. Mint is out of silver eagles. Clean out your coin and pawn shops. We are on the very front end of a huge move. All bull markets try to throw you off. It takes conviction to hold on through the bumps. The dollar is breaking all time lows and nobody cares. Silver has one double, AGQ has 2 doubles!!!