VanEck Vectors Gold Miners ETF

Direxion Daily Gold Miners Index Bull 2X Shares

NUGT provides 2x leveraged exposure to a market-cap-weighted index of global gold and silver mining firms.

Gold prices have the potential to rally higher due to global economic and geopolitical uncertainties. The $2,000 level has become a key resistance level for gold, but if it breaks, prices could soar. Gold mining shares via Direxion Daily Gold Miners Index Bull 2X Shares ETF offer leverage and have historically outperformed gold during bullish periods, making them an attractive investment option.

NUGT: Disappointment Weighs On The Leveraged Junior Gold Mining ETF

Direxion Daily Junior Gold Miners Index Bull 2X Shares

Since the start of the fourth quarter, physical gold mostly has been on an upswing. According to Kitco, the price of physical gold has risen nearly 8.5% during that time frame.

Gaining Global Exposure to Gold Miners

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

Can Gold Miners Reclaim Their Luster Amid Geopolitical Tensions?

Higher-for-longer interest rates may have stumped gold temporarily. But recent geopolitical events have pushed the metal higher as safe haven demand increased.

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Direxion Daily Gold Miners Index Bull 2X Shares NUGT was spiking about 3.5% higher on Tuesday, continuing to fly north within a rising channel pattern on the daily chart.

Gold Miner Stocks Rise In Tandem With The General Market: This ETF Offers 2X Leverage - Direxion Daily Gold Miners Index Bull 2XShares (ARCA:NUGT)

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The Israel-Gaza war grabbed all attention last week. This dragged down the bond yields and boosted volatility in the equity market.

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Direxion Daily Gold Miners Index Bear 2X Shares

Direxion Daily Junior Gold Miners Index Bear 2X Shares

Gold prices have dropped significantly lately, reaching yet another milestone-low as investors saw the price of gold drop below $1,870 per ounce last week. This is the lowest the precious metal has fallen in the past six months.

How to Gain Inverse Exposure to Gold Miners

VanEck Junior Gold Miners ETF

Gold has long been an asset class that investors have turned to during times of economic uncertainty. However, in State Street Global Advisors' recent Gold ETF Impact Study, the firm reported that “36% of surveyed investors don't invest in gold because they don't know enough about the ways that they can invest in gold.

Gaining Leveraged Exposure to Gold

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Direxion Daily Gold Miners Index Bull 2X Shares NUGT was sliding over 2% Tuesday as the Federal Reserve began its monthly meeting, where the Bank of America expects the central bank to hold rates steady.

Gold Rises, Stocks Fall Ahead of Fed's Decision On Interest Rates: This 2X ETF Tracks Gold Miners And Is Poised For A Break Out - Direxion Daily Gold Miners Index Bull 2XShares (ARCA:NUGT)

Direxion Daily Gold Miners Index Bull 2X Shares NUGT gapped up 0.73% higher on Wednesday, where the ETF ran into a group of sellers who knocked it down toward Tuesday's high-of-day.

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Owners of the Direxion Daily Gold Miners Index 2x Bull ETF can create leverage of 3x to 5x the typical value changes in gold bullion in a bull upmove. Gold mining stocks could see a significant price reversal higher after years of stagnant to declining returns. Inverted gold and silver lease rates (nearby premiums) in the futures market indicate very tight physical supplies during August.

NUGT: For Aggressive Gold Bugs, Leverage On Leverage

The S&P 500 was up 3.11% in July, bringing its YTD return to 19.52% as equities continue to rally. This could have spurred an outflow in gold exchange traded funds (ETFs), but prices held steady amid the sell-off.

Outflows From Gold ETFs Didn't Hurt Prices in July

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Gold production is higher than gold consumption, which might be a reason for gold prices not skyrocketing, despite the current uncertain economic scenario. Even if gold prices go up, NUGT may not be the best option to capture it due to the complexities involved and extreme volatilities inherent in a leveraged ETF. Due to effects of compounding, over a period of time, there can be startling differences between the performance of benchmark and that of leveraged ETF.

NUGT: Leverage And Compounding Has Made This Gold Miners 2x ETF Unattractive

Direxion Daily Gold Miners Index Bull 2X Shares NUGT was rising more than 1% on Tuesday in tandem with spot gold, which was moving about 0.5% higher, possibly on new warnings a recession may be in the cards.

Gold Rises Higher As Investors Weigh Recession Probability: This ETF Offers 2X Leverage - Direxion Daily Gold Miners Index Bull 2XShares (ARCA:NUGT)

The global transition to alternative energy sources is feeding into early strength for critical minerals. Demand may rise over the coming years.

Strength in Critical Minerals Mining Could Benefit Gold

Direxion Daily Gold Miners Index Bull 2X Shares NUGT gapped down almost 6% lower on Friday, when the ETF ran into a group of buyers who knocked it down more than 4% from the open.

Bullish On Gold Miners Amid Economic Fears? This ETF Offers 2X Leverage - Direxion Daily Gold Miners Index Bull 2XShares (ARCA:NUGT)

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Direxion Daily Gold Miners Index Bull 2X Shares NUGT gapped up 2.45% higher on Wednesday, where the ETF ran into a group of sellers who knocked it down to trade mostly flat.

This Leveraged ETF Follows Spot Gold Higher As Recession Worries Persist: A Look At The Chart - Direxion Daily Gold Miners Index Bull 2XShares (ARCA:NUGT)

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Gold stocks and ETFs are an alternative to stocks during times of market uncertainty and inflation. Which gold ETF is nearing a buy point?

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If gold has printed an 8-year cycle low, NUGT will undoubtedly attract interest among speculators. Buying volume has been to the fore in recent sessions. This trend points to rising prices.

News for Direxion Daily Gold Miners Index Bull 2X Shares ETF (NUGT)