28-Jun-2024
No press releases found.
$3,000 gold by 2025 not far-fetched, with upside for miners - Sprott's Hathaway
Seeking Alpha News (Fri, 28-Jun 5:50 PM ET)
Commodity Roundup: Cocoa futures face 22% monthly drop as West Africa supply fears ease
Seeking Alpha News (Fri, 28-Jun 6:02 AM ET)
Investors prefer physical assets like gold over digital in uncertain times - CyberMetals
Seeking Alpha News (Thu, 27-Jun 2:34 PM ET)
Gold prices revised up at BMI, lithium expected to remain subdued due to oversupply
Seeking Alpha News (Thu, 27-Jun 6:10 AM ET)
Silver's YTD gain beats gold, silver and S&P 500 index but investors mostly yawn
Seeking Alpha News (Wed, 26-Jun 5:55 PM ET)
Commodity Roundup: U.S. wheat futures dip as markets digest USDA report; gold down
Seeking Alpha News (Wed, 26-Jun 5:56 AM ET)
Commodity Roundup: U.S. wheat futures dip as traders digest USDA report; gold down
Seeking Alpha News (Wed, 26-Jun 5:56 AM ET)
The Direxion Daily Gold Miners Index Bull 2X Shares (formerly, the Direxion Daily Gold Miners Index Bull 3X Shares) (the "Fund") seeks daily leveraged investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify the daily performance of the NYSE Arca Gold Miners Index (the "Index").
Direxion Daily Gold Miners Index Bull 2Xshares trades on the ARCA stock market under the symbol NUGT.
As of June 28, 2024, NUGT stock price declined to $37.58 with 1,203,672 million shares trading.
NUGT has a beta of 1.26, meaning it tends to be more sensitive to market movements. NUGT has a correlation of 0.06 to the broad based SPY ETF.
NUGT has a market cap of $531.83 million. This is considered a Small Cap stock.
In the last 3 years, NUGT stock traded as high as $82.86 and as low as $20.30.
NUGT stock has underperformed the market in the last year with a return of +16.5%, while SPY returned +26.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in NUGT shares. However, NUGT has outperformed the market in the last 3 month and 2 week periods, returning +9.8% and +3.1%, while SPY returned +4.4% and +0.6%, respectively. This indicates NUGT has been having a stronger performance recently.
NUGT support price is $36.84 and resistance is $39.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NUGT stock will trade within this expected range on the day.