- The MicroSectors Gold Miners 3X Leveraged ETN was launched in December 2020. It is designed to provide 3x the performance of the S-network MicroSectors Gold Miners Index.
- One very important thing to note, which is included in the ETN prospectus, is that leveraged ETNs are not designed for long-term trading.
- This is an interesting vehicle for short-term trading and provides more leverage than other 2x leveraged ETFs.
- However, Junior gold miners are more suitable for long-term investors.
- Most investors should avoid this ETN.
For further details see:
GDXU: Short-Term Gain, Long-Term Pain