NUGT News and Press, Direxion Daily Gold Miners Index Bull 3X Shares From 09/28/21

Gold futures sank to their lowest settlement in seven weeks, succumbing to a rise in the 10-year Treasury note yield to above 1.5% and a stronger U.S. dollar. December Comex gold (XAUUSD:CUR) closed -0.8% at $1,737.50/oz., with the most-active contract at the lowest settlement since August 10...

The gold mining companies often magnify the moves in gold because they are leveraged to the price. The recent stance by the Fed has been perceived as slightly more hawkish creating even more selling in the gold miners. A big move up in gold will often occur simultaneously with a m...

Gold surrenders earlier gains as the dollar slips while stocks and Treasury yields advance, as investors maintain a risk-on mood across markets on optimism that trouble China Evergrande Group can be contained. Retreating further from initial post-FOMC gains, December Comex gold (XAUUSD:C...

According to a survey by the World Gold Council, almost 80% of central bank reserve managers plan to increase their gold holdings over the next year. Given that new gold supply is highly constrained, prices could reach new highs if inflation proves to be sticky rather than “tra...

A quarter century is a long time and the Gold Bugs Index is virtually flat over this timeframe. Why did this happen and what kind of returns can you expect from GDX and GDXJ today? We address these questions in the article. For further details see: GDX & GDXJ: Gold M...

Mining shares fall sharply, with gold posting its sharpest drop in nearly six weeks as the U.S. dollar and Treasury yields popped higher following data showing a rise in August retail sales. December Comex gold (XAUUSD:CUR) -2% to $1,758/oz., which would mark the steepest daily decline for bu...

Gold finished August trading at $1,813.62 per ounce, nearly unchanged from its July finish at $1,814.19 per ounce. Following the “flash crash”, gold managed to climb back above $1,800 per ounce, supported by mounting concern around the impact of the COVID Delta variant o...

The Federal Reserve bond buying/QE taper will have a more significant downward effect on US inflation than US growth due to global and emerging market spill-back effects. The US economy is on very firm footing and growth/employment has made substantial progress surpassing expectations...

Following the economic disruption of the COVID-19 pandemic and the unprecedented stimulus response, supply bottlenecks and a rebound in demand have been a feature of 2021. We observe that a diversified portfolio approach has had the highest correlation to upside inflation and the leas...

JNUG is a Direxion fund which uses leverage. The fund has chronically disappointed bulls but still has close to half a billion in assets. We look at what has happened and what are two things we would keep in mind to play it. For further details see: JNUG: Absolute Levera...