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What is your sentiment on Direxion Daily Junior Gold Miners Bull 3X Shares?
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JNUG looked a little like the JNUG of 2 yrs ago today. Had a pre market rise as gold was level and held and increased on the gain all day. Let see what comes of this...
Jnug is bunch of miners. It also follows the market unfortunately. The best days are when market is up and gold is up. Days like today it stays sluggish.
Depends on your risk tolerance. Swing (weekly) trade or at best day trade it if you don’t have the stomach for it. Risky to hold overnight or long. But can turn out to be good if you want to be passive and just let it ride till you are comfortable to cash in. Just be mindful of the splits tho. They happen like clockwork. Once this drops below 10 I can guarantee you a reverse split.
JNUG fanbois probably bought @ 24 expecting the big Gold run to continue, bought more @ 22 and 20 if they listened to Petey and now hold the bag @ 19....well played kids, well played.
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