NUGT - Direxion Daily Gold Miners Index Bull 3X Shares
31.41 -0.02 (-0.06%)
Pre-Market: 4:40AM EST
| Previous Close | 32.21 |
| Open | 32.24 |
| Bid | 0.00 x 900 |
| Ask | 31.41 x 1000 |
| Day's Range | 30.93 - 32.53 |
| 52 Week Range | 14.06 - 45.10 |
| Volume | 12,981,330 |
| Avg. Volume | 10,662,291 |
| Net Assets | 1.61B |
| NAV | 31.36 |
| PE Ratio (TTM) | N/A |
| Yield | 0.63% |
| YTD Daily Total Return | -9.86% |
| Beta (5Y Monthly) | -0.23 |
| Expense Ratio (net) | 1.23% |
| Inception Date | 2010-12-08 |
- ETF Trends
Too Much Froth in the Market Could Lead to Gold Gains
The stock market when on to reach more record highs on Thursday thanks to a bevy of positive economic data, such as less jobless claims and better-than-expected retail numbers. However, Bridgewater Associates ...
- ETF Trends
Gold, Silver Traders Brace Themselves for a Rollercoaster Ride
The U.S.-China “phase one” trade deal that is set to be signed today is injecting a healthy dose of optimism into the markets, which is keeping gold and silver prices at bay. After hitting highs the previous week, this week could see a rollercoaster-like drop as precious metals traders brace themselves for the wild ride. “Gold and silver appear to be headed lower, and there doesn’t appear to be anything that will slow the metals from another trend reversal,” wrote Todd “Bubba” Horwitz in Kitco News.
- ETF Trends
Strategist: This is the Reason Why You Shouldn’t Sell Gold
Hold the gold—it's a simple strategy in an uncertain market that could turn any day by various risk-based factors, but Longview Economics CEO Chris Watling suggests another reason that could help support gold prices is the Federal Reserve's repo program. The central bank uses the program to adjust the supply of reserve balances to keep its interest rate target in check. “It is putting a lot of liquidity, a lot of dollar money, into the system, and that is supporting the price,” Waitling said in a CNBC report.
- ETF Trends
Can Gold Traders Fend Off a Wave of Bearish Selling?
Escalating U.S.-Iran tensions after an air strike that killed an Iranian general last week fed into strength for gold prices to start the trading week. On Tuesday, gold rallied to a 6 ½-year high, but fell the following Wednesday after U.S. President Donald Trump eased the markets following a retaliation from Iran that caused no damage or casualties on U.S. airbases. “Gold is down sharply as U.S-Iran tensions have been deescalated,” wrote Bill Baruch in Kitco News.
- ETF Trends
Gold Hits 6 ½ Year High and More Gains Could Come
U.S.-Iran tensions escalating after an air strike that killed an Iranian general last week are feeding into strength for gold prices. In Tuesday’s trading session, gold rallied to a 6 ½-year high and analysts ...
- ETF Trends
Gold Hits 6-Year High Following U.S. Airstrike on Iran
Last Friday’s market session threw its first speed bump of 2020 at investors after a U.S. airstrike on Baghdad resulted in the death of a top Iranian general. Investors flocked to safe havens on fears that the airstrike would result in a larger conflict—this allowed gold to hit a 6-year high. Gold went up 1.5% to reach above the $1,550 per ounce price mark.
- Zacks
9 Leveraged ETFs That More Than Doubled in 2019
While this strategy is highly beneficial for short-term traders, it could lead to huge losses compared to traditional funds in the fluctuating or seesawing markets.
- ETF Trends
Gold Will Hit an All-Time High in 2020, Says Analyst
A renewed risk-on sentiment in stocks put gold gains on the backburner near the end of 2019, but the precious metal’s fortunes could turn in 2020, according to City Index technical analyst Fawad Razaqzada. ...
- ETF Trends
Wall Street Veteran: “Watch Gold in 2020”
U.S. gold futures also edged up 0.3%, to $1,492.80. For many investors, gold is the standard in precious metal investing, which has become more accessible than ever thanks to options via an exchange-traded fund (ETF) wrapper like the SPDR Gold MiniShares (GLDM) . Gold ETFs can be bought and sold freely via an exchange when compared to physical gold.
- Benzinga
Some Good News For This Leveraged ETF
Gold prices have veered lower in recent weeks as riskier assets have come back into style, but the case for bullion, one of 2019's best-performing commodities, remains strong heading into next year and ...
- ETF Trends
Good To Be Loving Leverage With Gold Miners
Some commodities market observers believe that trend will continue in 2020, potentially spelling opportunity for nimble traders with geared ETFs such as the Direxion Daily Gold Miners Bull 3X ETF (NUGT) and Direxion Daily Jr Gold Miners Bull 3X ETF (JNUG) . NUGT seeks daily investment results, before fees and expenses, of either 300% or 300% of the inverse (or opposite), of the performance of the NYSE Arca Gold Miners Index. JNUG seeks daily investment results, before fees and expenses, of 300% of the performance of the MVIS Global Junior Gold Miners Index.
- ETF Trends
Steady Gold Prices Show Market Is Not Completely Sold on Trade Deal
In Monday's early trading session, the euphoria of the capital markets on last week's "phase one" trade deal may already be losing steam, especially when looking at steady gold prices. Rather than prices falling from a renewed risk-on sentiment, gold prices held, showing signs that bullish gold investors are skeptical of a the trade deal.
- ETF Trends
Gold Edges Higher After PPI Data Disappoints
“The gold market is adding to strong gains following the latest Federal Reserve monetary policy announcement and after data highlighted weaker-than-expected producer inflation pressures,” wrote Niels Christensen in a Kitco News report. The index is a modified market capitalization-weighted index comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold and, to a lesser extent, in mining for silver.
- ETF Trends
Don’t Sleep on Gold, Says Market Expert
What happens with the U.S.-China trade deal will remain a major market mover as both sides struggle to complete a “phase one” stage agreed to in October. “Trade negotiations, rather than the U.K. elections or the December FOMC (Federal Open Market Committee meeting), continue to set the tone of trading for the gold market,” said Standard Chartered. Traders looking to buy the dip can play gold miners and look at the Direxion Daily Gold Miners Bull 3X ETF (NUGT) , which makes a play on gold miners.
- Investopedia
Top 10 Most Traded Leveraged ETFs (DWT, UWT)
Leveraged ETFs use the futures markets to magnify the returns of a specific index. These ten leveraged ETFs are the most popular with investors.
- ETF Database
Buy on the Dip Prospects: December 4 Edition
Below is a look at ETFs that currently offer attractive buying opportunities. The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading below its five-day moving average, thereby offering a near-term 'buy on the dip' opportunity, given the longer-term uptrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
- ETF Trends
Palladium Will Hit the $2K Mark Before Gold, Analysts Say
While most were preparing for Thanksgiving dinner on Thursday, palladium investors were feasting off gains as the precious metal reached $1,841. Analysts are already predicting that the precious metal ...
- ETF Trends
Goldman Sachs Sees Gold Hitting the $1,600 Price Level in 2020
Major indexes like the S&P 500 and Nasdaq Composite were hitting highs on Monday, making precious metals an afterthought, but global investment firm Goldman Sachs is bullish on gold with a $1,600 per ounce price level forecast in 2020.
- ETF Trends
Gold Will “Go Much Higher” in the Long Term, Says Market Expert
Bullish gold traders didn’t get the news they wanted when the most recent Federal Reserve minutes revealed that more rate cuts may not be on the horizon, which could feed into lower gold prices. Last month, the central bank instituted its third straight rate cut by 25 basis points—a reversal from last year’s four straight rate hikes. “Federal Reserve officials generally agreed that they likely won’t need to cut interest rates again unless economic conditions change significantly, according to minutes released Wednesday from their most recent meeting,” noted a CNBC report discussing the Fed’s most recent minutes in which it cut rates by a quarter point last month.
- ETF Trends
Gold Prices in Consolidation Mode Despite Strong Housing Data
Strong U.S. housing data should've helped boost the markets in Tuesday's trading session, but it was once again trade war news coming to the forefront as U.S. President Donald Trump said he'd raise tariffs in China was unwilling to make a trade deal. In the precious metals arena, gold was in a consolidation phase despite the recent housing data. "U.S. Housing starts rose in October and permits for future home construction jumped to a 12-year high," wrote David Becker in FX Empire.
- ETF Trends
Can Gold Re-Establish Its Gains from Earlier This Year?
Gold has fallen from its record highs earlier this year when inverted yield curves, fears of slowing global growth and the U.S.-China trade war spooked investors into seeking safe haven assets like precious metals. “The macro narrative has shifted from ‘recession or no recession’ to ‘no recession or cyclical upturn’ … Given the notable lack of physical support, the critical gold support into year-end, rests on both structural investor interest recommitting and CB [central banks] interest reengaging to offset potentially strong fresh paper shorts (who are underweight),” wrote Scotiabank commodity strategist Nicky Shiels.
- ETF Trends
Expect a Strong Showing for Gold Prices in 2020, Says Market Expert
The risk-on optimism in the stock market right now could be fleeting, which could pave the way for gold prices to surge in 2020. “From a physical perspective, if you’re an investor from a medium to longer term perspective, you just stay with this market and if your holdings are under your percentage allocation that you were looking to apply to your portfolio from the perspective of gold, then you just add to the position at these levels because I think 2020 is going to be a very, very volatile year and I think it’s going to be very positive for the metals,” said Peter Hug Global Trading Director, Kitco Metals. “Technically, the gold bears have the overall near-term technical advantage,” wrote Jim Wyckoff in Kitco News.
- ETF Trends
As Yields Rise, Gold Is Down But Not Out
Treasury yields have been rising, which have pushed other safe haven assets like gold out of the way, but while the precious metal is down, it certainly isn’t out. “Gold markets have broken down rather significantly during the week, slicing well below the $1,500 level,” wrote Christopher Lewis in FX Empire. Lewis underscores the importance of that $1,450 price level in determining what gold could do in the forthcoming weeks.
- Investopedia
Gold ETFs Approach Support After Sell-Off
Here's why gold prices may regain their luster this week. Explore these three gold ETF trading ideas.
- ETF Trends
Gold Hits 3-Month Low After Strength in Equities Lessens Demand
Safe haven assets couldn’t hide from losses as a risk-on switch got flipped back on after positive news from a U.S.-China trade deal fueled a hunger for more equities. As such, precious metals like gold and silver touched down to three-month lows. “Safe-haven gold and silver prices are sharply down and have slumped to three-month lows in midday trading Thursday,” wrote Jim Wyckoff of Kitco News.
