GDX is the main holding?
Noooo !!! It is based on ^gdm an mm manipulated swindle on amex.
Yes, NUGT's percentage = 3x GDX's... along with decay over time, though.
I understand decay, and why. This product is new to me, but's it's very liquid. ABX is the #1 holding of GDX, so this is very leveraged to ABX in a way. ABX is down 40% from it's high.
I almost bought this today under $8, but just trying to figure it out real quick.