Don VialouxDirexion Gold Miners Bull 3XNUGTDON'T BUYJul 29, 2013

Run for the hills. Don't touch it. It's a leveraged one. You can still be on the right side of the trade, but you can still lose money--these are one-week holds. Don't hold them any longer.

This one would certainly cause him some fear. He completely avoids any of these leveraged ETF's. You can get caught, even if you're on the right side of the market and direction, because the price is structured on a day to day basis. Any of these levered things are very risky.

A 3 time leveraged ETF has got an enormous cost borne just to keep rebalancing the portfolio every night. If you are going to trade these, they are a 1, 2 or 3 day trade. Why not just buy a Call option on the index or a couple of Call option on a couple of gold miners that you like. It’s the same leverage and at least you have limited risks.