Based on just , we can see $JNUG easily bouncing to $63, $70 and $77 in the short-term. Although, we still believe the highs are not in for $JNUG or for Gold and Silver .
Direxion Shares Trust - Direxion Daily Junior Gold Miners Index Bull 3X Shares is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of global region. The fund invests directly, through derivatives and through other funds in stocks of companies operating across materials, metals and mining, gold , silver sectors. The fund uses derivatives such as , swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track 3x the daily performance of the MVIS Global Junior Gold Miners Index. Direxion Shares Trust - Direxion Daily Junior Gold Miners Index Bull 3X Shares was formed on October 3, 2013 and is domiciled in the United States.
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the MVIS Global Junior Gold Miners Index.The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index includes companies from markets that are freely investable to foreign investors, including "emerging markets," as that term is defined by the index provider. It is non-diversified.
As always, trade with caution and use protective stops.
Good luck to all!