Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) Dividend History

Company News

• As Spot Gold Stalls Will Investors Turn To Gold Miners? This ETF Looks Ready To Break Out And Offers 2X Leverage

  Spot gold was trading flat Wednesday, continuing to consolidate in a sideways pattern after reaching record highs in April, partly propelled by China escalating its purchases of the commodity. For cyclical investors, spot gold’s consolidation following the metal’s steep bull run could signal that traders will begin switching their focus toward gold miners, the latter which has underperformed the movement of the physical commodity. Direxion Daily Gold Miners Index Bull 2X Shares (ARCA: NUGT) invests in a variety of publicly traded firms with global operations in both developed and emerging markets. These companies are predominantly involved in gold mining, with some also engaged in silver mining, but to a lesser degree. Read Next: As Large-Cap Stocks Take A Breather And The SPY Trades Sideways, Will Small-Cap Stocks Steal The Spotlight? Trending: DOGE Is The 'BTC Of Memes' And These Two Meme Coins Are The ETH And A 'Must Have,' Trader ...Full story available on Benzinga.com

  Benzinga

  Featured Companies: FNV NEM
• Spot Gold Rises As Tehran Attack Sparks Fear Of Wider Conflict: This ETF (NUGT) Tracks Gold Miners

  Spot gold was popping up above 0.5% at one point on Tuesday, propelled by escalating tensions in the Middle East following Tehran’s decision to deploy hundreds of drones and missiles toward Israel on Saturday night. Iran’s move sparked heightened concerns that a widespread regional could break out, which would have broad negative implications for the global economy. Gold’s break higher on Tuesday, which saw the commodity working back toward the April 12 all-time high of $2,431.78, was pulling the gold mining sector north. Read Next: Israel's War Cabinet Vows To Respond 'Clearly And Forcefully' To Iran, G7 Mulls Sanctions On Tehran: Stocks Tumble, Gold Rallies, WTI Tops $85 Trending: Delta Flight Returns To Atlanta After Takeoff: Boeing 757 'Yawing Aggressively' Direxion Daily Gold Miners Index Bull 2X Shares (ARCA: NUGT), which often follows spot gold, was reversing upward from Tuesday’s $35.84 low-of-day. NUGT is a double-leveraged ...Full story available on Benzinga.com

  Benzinga

  Featured Companies: FNV NEM
• Gold's Bull Run Likely to Continue: ETFs to Add More Shine

  Investors who are bullish on gold right now may want to consider a near-term long on the precious metal. There are several options in the leveraged gold and gold mining space to make quick profits, as these could see huge gains in a very short time frame compared to simple products.

  Zacks Investment Research

  Featured Companies: JNUG UGL
• Gold Miners Consolidate Recent Surge As Spot Gold Takes A Breather: A Technical Analysis Of Major ETF

  Direxion Daily Gold Miners Index Bull 2X Shares (ARCA: NUGT) was consolidating on Tuesday after closing Monday’s session on top of the 200-day simple moving average (SMA) –a level a stock or ETF rarely breaks through on the first attempt, which Benzinga pointed out on Friday. The move lower came in tandem with spot gold, which was trading down about 1% after reaching a new all-time high of $2,195.15 on Friday, where the commodity’s relative strength index was measuring in at about 84%, indicating gold was heavily overbought. For NUGT, Tuesday’s downturn was taking place on decreasing volume, indicating that the bulls are taking a breath rather than that the bears have gained control. The ETF was also working to print a hammer candlestick, indicating the local bottom may have occurred. Read Next: Gold Speculators Pave Ground For 'Multi-Year Bull Market In Metals' Trending: Which Public Companies Own Bitcoin? This Giant Is The ...Full story available on Benzinga.com

  Benzinga

  Featured Companies: AEM FNV NEM WPM
• NUGT: Bullish Gold Miners Heading Into April, Improved Momentum

  Direxion Gold Miners ETF is a small ETF with just $587 million in assets under management as of March 6, 2024. Check out what makes NUGT an appealing investment.

  Seeking Alpha

  Featured Companies: GDX GDXJ