Opinions
Larry Berman CFA, CMT, CTA
Direxion Daily Junior Gold Miners Index Bull 3X Shares
JNUG-N
DON'T BUY
Mar 19, 2020
It is a leveraged play on junior minors. DO NOT PLAY LEVERAGED ETFs! If you get a day when the commodity is down 30% of this ETF is wiped out. This isn't the time to speculate. This one is down 92%.
$4.140
Stock price when the opinion was issued
E.T.F.'s
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DON'T BUY
It's up 30% this year. It consists of junior gold companies. If these companies find gold, those companies get profitable quickly, but you also gett three times the leverage. It's not a long-term play, but a short-term aggressive one. GLD is better for the long term.
E.T.F.'s