Looking for a retrace to 31.50Seeing buying at the top of the wedge with a bearish d leg sell off set up. Looking for 5th elliot wave to be retested as support
Key stats
About Direxion Daily Junior Gold Miners Index Bull 2X Shares
Expense ratio
1.13%
Home page
Inception date
Oct 3, 2013
ISIN
US25460G8318
JNUG provides geared exposure (2x) to the MVIS Global Junior Gold Miners Indexa market-cap-weighted index of global gold mining companies that derive at least 50% of their revenue from gold or silver mining activities. The index caps exposure to silver mining firms at 20% during each quarterly review. The term junior refers to the size of these firms, which are considered to be small-caps as defined by the index provider, which slightly dilutes its exposure to gold relative to our benchmark for gold. Like most leveraged products (including sister fund JDST, which provides -2x exposure to the same index), JNUG's exposure is reset daily. The fund is therefore designed to be used as a tactical trading tool. You must regularly reset your exposure to get the multiple if you hold the fund for more than a day. Tradability is paramount for a tactical toolwhich a 2x play on gold surely is. Trading costs should be taken into consideration. Effective 4/24/2017, JNUG resumes daily creations. Prior to March 31, 2020 the fund provided 3x exposure to the same index.
Classification
What's in the fund
Exposure type
Cash
ETF
Stock breakdown by region
Things suggest that gold is poised for a bullish trend in 2024.One of them is he ongoing conflict in Ukraine, tensions between the United States and China, and other geopolitical events create a sense of uncertainty that could drive investors to seek refuge in gold as a safe haven asset.
the second reason is gold will go up no matter what ! its just searching
Long Gold, Long JNUG, Long ZcashThey're all the same sort of asset, but their eccentricities is what distinguishes their beta value.
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JNUGJNUG levered juniors 5 wave C completion into time and price target zone . Time to lever up and go for the gusto guys . No more screwin around . Put the fear on the back burner .
"The safest time to enter a market is on the first reaction against a new trend" W.D.Gann
JNUG- Gold is Going Higher ( LONG)Gold is rising and so also JNUG the triple-leveraged junior miner ETF which has components
of miners that have the most to benefit from rising. On the daily chart, price dropped from
a winter pivot high with a head and shoulders pattern into a trend down with a bounce off
the lows in early March
JNUG in a bullish patternAs shown in the chart the current price reach to supporting level price in a channel up pattern.
the first resistance level can be in 39.75$ and second resistance level can be around 47.8$
JNUG - Leveraged Junior Miner ETF Swing LongOn the 4H chart, I show my analysis that JNUG is ready for an uptrend using the MACD / RSI for confirmation.
A head and shoulder pattern is followed by a downtrend which ends in a double bottom for a reversal.
I see the potential for a significant gain of the ETF and its call options over about
Feds are about to capitulateThe Federal Reserve and ECB are about to go full panic mode. Big money is about to realize that gold is the last safe haven.
JNUG Gold Leveraged ETF in Cup and HandleAs shown on the chart. price action has formed a cup with the expectation
of a handle formation which would be a downward retracement of 50% of
the cup's height ( or about a 0.5 fib level retracement ) then expecting a
reversal to a target of 2X the cup's height from its base and the same as
Short term Gambling on JNUG Goldplan to lose 100% of your money, since its JNUG calls
but if it wins, it should pay a couple multiples.
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