JNUG - Direxion Daily Jr Gld Mnrs Bull 3X ETF
12.56 -0.01 (-0.08%)
After hours: 7:44PM EDT
| Previous Close | 13.06 |
| Open | 12.41 |
| Bid | 12.55 x 1000 |
| Ask | 12.56 x 800 |
| Day's Range | 12.40 - 13.14 |
| 52 Week Range | 11.34 - 25.76 |
| Volume | 15,527,556 |
| Avg. Volume | 8,195,544 |
| Net Assets | 900.92M |
| NAV | 13.67 |
| PE Ratio (TTM) | N/A |
| Yield | 0.00% |
| YTD Return | -23.14% |
| Beta (3y) | -0.24 |
| Expense Ratio (net) | 0.94% |
| Inception Date | 2013-10-03 |
- ETF Trends•6 days ago
Gold Miners ETFs: Poised for Something Big?
As has been documented, gold prices have faltered over the past several months. An interesting element in that scenario is that gold miners ETFs, such as the VanEck Vectors Gold Miners ETF (NYSEArca: GDX ), the largest exchange traded fund dedicated to gold mining stocks, have performed less poorly than ETFs focusing on physical gold. GDX is comprised of global gold miners, with a notable tilt toward Canadian and U.S. mining companies.
Market Realist•6 days agoDoes Speculative Positioning Imply that Gold’s Bottom Is Near?
The CFTC (Commodity Futures Trading Commission) reports the position of major players in the futures market through its COT (Commitment of Traders) report. According to the COT report for the week ended June 26, 2018, money managers were barely net long on gold with just over 4,000 net speculative long contracts. According to Commerzbank, “Short positions, in particular, were built up, which means speculative financial investors are currently betting heavily on falling prices.” For the week ended June 3, money managers kept their positions almost unchanged, which implies the lowest levels of net long positioning since late 2015 when gold prices dipped below $1,050 per ounce.
Market Realist•7 days agoUS Consumers and Businesses Feel Heat of Trade Spats
As we’ve discussed previously in this series, the escalating trade tensions haven’t been able to support gold much in 2018 mainly due to the simultaneous appreciation in the US dollar (USDU), which has capped gold’s gains. While the index for current conditions came in as expected, the sentiment over future business conditions and income prospects declined. Investors should note that consumer spending (XLY) constitutes more than two-thirds of the US economy.
- Market Realist•8 days ago
Reading between the Lines: Fed Minutes and Implications for Gold
The Federal Reserve released the minutes of its June meeting on July 5. The Fed raised interest rates (TLT) by 25 basis points to 1.75% to 2.0% at its June meeting, the second time in 2018. The committee listed the strong labor market, federal tax and spending policies, and high levels of household business confidence as positive factors supporting US economic growth.
- Market Realist•28 days ago
How Growing European Political Risks Could Pressure the Markets
Germany’s chancellor, Angela Merkel, is facing a political crisis as its coalition partner, CSU (Christian Social Union), is opposing her stance on immigration. Seehofer is proposing to block refugees who have registered in another European country to enter Germany. Merkel has until June 28 to strike a deal with her fellow EU (European Union) leaders and satisfy the hardliners at home.
Market Realist•last monthWhy Eldorado Gold Became the Least Impressive Gold Stock
Eldorado Gold (EGO) is one of the few gold stocks that have seen rapidly deteriorating sentiments from analysts in the last year. Currently, only 15% of the 13 Wall Street analysts covering it rate it as a “buy.” This stands in sharp contrast to the ~78% “buy” ratings it had almost a year ago. Eldorado Gold stock suffered a great deal in 2017 due to its standoff with the Greek government and some technical issues at its mines in Turkey.
- Market Realist•2 months ago
Which Miners Moved Alongside Gold? Comparing Correlation
In this part of the series, we’ll analyze mining stocks’ correlation with gold. Gold dominates the four precious metals, and silver, platinum, and palladium are known to closely track its movement.
Market Realist•2 months agoFactors that Could Drive Goldcorp’s Costs Down by 20%
Can Goldcorp Continue Its Outperformance after a Weak 1Q18? Goldcorp (GG) achieved AISC (all-in sustaining costs) of $810.00 per ounce in 1Q18, which was 1.3% higher YoY (year-over-year) and 6.9% lower sequentially. In line with its expectations for production, the company expects its AISC to remain at the higher end of the guidance range for 2Q18 as well, which should decrease to come in at the lower end of the range in 2H18.
Market Realist•3 months agoCould Goldcorp’s Strong Vision Keep Its Stock Buoyant after 1Q18?
After underperforming its peers in 2017, Goldcorp’s (GG) stock has outperformed YTD (year-to-date). It’s also one of the few major gold stocks to have recorded a positive return YTD performance of 12.5% as of April 17. In comparison, the VanEck Vectors Gold Miners ETF (GDX) has fallen 1.5% while the iShares Gold Trust (GLD) has gained 3.0%. Peers Barrick Gold (ABX), Kinross Gold (KGC), and Agnico Eagle Mines (AEM) have fallen.
- Market Realist•3 months ago
Are Equity Markets’ Valuations Stretched?
The International Monetary Fund (or IMF) also warned that the downside risks to world financial stability have increased over the past six months. In this context, it added, “Valuations of risky assets are still stretched, with some late-stage credit cycle dynamics emerging, reminiscent of the pre-crisis period.” This it believes could lead to the unwinding of risks, leading to higher risk premiums and repricing of risky assets. The IMF’s view of US equity markets is similar to that of Morgan Stanley’s (MS).
- ETF Trends•3 months ago
Junior Gold Miners ETF is Ready to Takeoff
The VanEck Vectors Gold Miners ETF (NYSEArca: GDXJ), the second-largest exchange traded fund tracking gold miners equities, is 3.4% over the past week and some market observers believe the small-cap miners ...
- Zacks•3 months ago
Why Gold Mining ETFs Are Rallying
Inside a few reasons that explain the recent rally in gold mining ETFs.
- Market Realist•4 months ago
What Could Support Gold Prices in 2018
Gold Price Drivers: The Fed, Trade War Fears, the US Dollar
Market Realist•4 months agoWhy Kinross Gold Is Underperforming Peers after a Strong 2017
How Analysts View Gold Miners as Gold Weakens
Yahoo Finance•4 months agoStocks rebound in late trading
The Dow rebounding a bit here, but the big story is still Facebook - with the latest scandal nowhere near dying down.
- ETF Trends•4 months ago
Options Traders Target Gold Miners ETF
The VanEck Vectors Gold Miners ETF (NYSEArca: GDX), the largest exchange traded fund dedicated to gold mining stocks, is essentially flat over the past month, but options traders have recently taken increased ...
Market Realist•4 months agoWhich Gold Miners Could See Production Upside in 2018 and Beyond?
After making discretionary cuts on exploration and capital expenditure for many years, gold miners (GDX) (JNUG) have started to refocus on production growth. In the last three years, Newmont Mining (NEM) has built its Merian and Long Canyon mines on time and 20% below budget. The company also sounds confident about finishing its next project, Northwest Exodus, in 2018.
- ETF Trends•4 months ago
Gold Miners ETFs Try to Bounce Back After a Rough Start
The VanEck Vectors Gold Miners ETF (NYSEArca: GDX), the largest exchange traded fund dedicated to gold mining stocks, is lower by 7% to start 2018, prompting some market observers to say gold miners stocks ...
- Market Realist•5 months ago
Growth Catalysts for IAMGOLD in 2018 and Beyond
Can IAMGOLD Keep Up Its Stock Performance after 4Q17 Earnings?
- Benzinga•5 months ago
Traders Scamper Back To Gold Miners ETFs
Amid an uptick in equity market volatility, some traders are seeking refuge in a familiar place: gold. Market participants are also renewing their enthusiasm for some gold miners exchange traded funds ...
- Market Realist•5 months ago
What Could Help Goldcorp Drive Unit Costs Down
Can Goldcorp Stock Keep Up Its Performance in 2018?
- ETF Trends•5 months ago
Investors Return to Big Gold Miners ETF
The VanEck Vectors Gold Miners ETF (NYSEArca: GDX), the largest exchange traded fund dedicated to gold mining stocks, is once again attracting investors. GDX is comprised of global gold miners, with a ...
- Market Realist•5 months ago
Why Gold Miners Haven’t Magnified Gold’s Gains in 2018
Components of GDX: What’s Driving Gold Miners in 2018?Leverage magnifies
- Market Realist•5 months ago
How Goldcorp Could Deliver on Its Improvement Plan in 2018
As we’ve discussed in previous parts of this series, Barrick Gold (ABX) generated negative returns in 4Q17 and 2017. Goldcorp (GG) also generated negative returns, significantly underperforming the gold miners’ index (GDX) as well as gold prices (GLD). While its performance in 2017 was not up to market expectations, its outlook seems much brighter.
Market Realist•6 months agoCould Physical Gold Demand Continue to Support Gold Prices?
Could Gold Be Set for a Big Move in 2018?
