TradingView
mikepsinn
May 9, 2023 2:44 AM

Gold Miner ETF vs Gold Price 

Direxion Daily Gold Miners Index Bull 2XSharesArca

Description

Gold mining companies are a lot more volatile than gold.

Comments
AwesomeAvani
Yeah, different gold miners have different mining overhead costs and breakeven points- I suppose an ETF mitigates that range and blends it overall. Gold on the forex market is highly volatile
and is often leveraged 10-40X making it very risky and potentially lucrative. This is why many traders follow it. ETFs and stocks can only be leveraged that much via options which is a whole
different project and strategy.
mikepsinn
Great points! 😀
More