NUGT News | Roxom Stocks

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As Spot Gold Stalls Will Investors Turn To Gold Miners? This ETF Looks Ready To Break Out And Offers 2X LeverageSpot 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.comBenzinga · May 8, 2024

Spot Gold Rises As Tehran Attack Sparks Fear Of Wider Conflict: This ETF (NUGT) Tracks Gold MinersSpot 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.comBenzinga · Apr 16, 2024

Gold's Bull Run Likely to Continue: ETFs to Add More ShineInvestors 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 · Apr 10, 2024

Gold Miners Consolidate Recent Surge As Spot Gold Takes A Breather: A Technical Analysis Of Major ETFDirexion 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.comBenzinga · Mar 12, 2024

NUGT: Bullish Gold Miners Heading Into April, Improved MomentumDirexion 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 · Mar 9, 2024

The Gold Short: No More False DawnsInflation-adjusted US T-bond yields are an inverse forward indicator of gold prices. Learn more about shorting gold and the long gold crowd.Seeking Alpha · Jan 23, 2024

Spot Gold Holds Above $2,000 As Traders Brace For Fresh Economic Data To Close 2023: How To Play The Mining MomentumDirexion Daily Gold Miners Index Bull 2X Shares (ARCA: NUGT) was rising about 1.2% higher on Wednesday, continuing to hold steady amid high volatility in the price of spot gold, which came ahead of the November jobs report set to print on Friday and the Federal Open Market Committee meeting next week. Spot gold reached a new all-time high of $2,146.79 on Monday before retracing to close under the previous all-time high of $2,081.82, which was printed on May 4. If the commodity continues to run higher, bullish momentum is likely to trickle down into the gold mining sector, beginning with large-cap companies and eventually flowing through into juniors. Must Read: Apple Stock's Surge Toward Blue-Skies Sparks Excitement for Santa Rally, Music (MUSQ) ETF Rides the Streaming Boom Trending: Bitcoin, Ethereum, Dogecoin Surge As 162M Shorts Wiped Out In A Day: Analyst Says King Crypto May Slide Back To $38K Before Continuing Upward Trajectory For traders hoping to catch the potential bullish break in the gold mining sector, NUGT is has ...Full story available on Benzinga.comBenzinga · Dec 6, 2023

Gold Tops $2,100: Here's How to Bet With ETFsBets on the Fed rate hike end, a dip in bond yields, a weaker U.S. dollar and elevated geopolitical risk have led to a global rush for the bullion.Zacks Investment Research · Dec 4, 2023

Gold Price Nears All-Time Highs As Market Confidence In Fed Rate Cuts Grows, Igniting Gold Miners RallyThe glittering allure of gold is captivating traders once again, as the precious metal notches its fourth consecutive day of gains. Gold prices have surged past the $2,040 per troy ounce (.oz) mark on Tuesday, a level not seen since the early days of May 2023. The bullion, as closely monitored through the SPDR Gold Trust (NYSE:GLD) is now within spitting distance of its all-time highs at $2,081, briefly hit during the volatile session on May 4, 2023. It’s even creeping closer to its highest closing price ever recorded, hitting $2,063 back in August 2020. Chart: Gold Prices Are On Track To Retest Prior Peaks Gold On The Rise: 5 Forces at Play Broader Dollar Weakness: The greenback’s weakness has lent significant support to gold. The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), has fallen below 103 levels on Tuesday, reaching lows last seen in mid-August. Fed’s Tone Shifts: One of the Federal Reserve’s most fervent hawkish members, Gov. Christopher J. Waller, has surprisingly taken a dovish stance during his ...Full story available on Benzinga.comBenzinga · Nov 28, 2023

Gold Miner Stocks Rise In Tandem With The General Market: This ETF Offers 2X LeverageDirexion Daily Gold Miners Index Bull 2X Shares (ARCA: NUGT) was spiking about 3.5% higher on Tuesday, continuing to fly north within a rising channel pattern on the daily chart. Spot gold was rising higher Tuesday, trading in tandem with the S&P 500, which opened lower after U.S. retail sales data came in stronger-than-expected but was shooting higher intraday. Read more here... Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial. NUGT, which usually follows the price of spot gold was rising more significantly, likely for technical analysis reasons, because the ETF has been trading in a strong uptrend since Oct. 4. NUGT is a double-leveraged fund that is designed to outperform the NYSE Arca Gold Miners Index by 200%. The ETF ...Full story available on Benzinga.comBenzinga · Oct 17, 2023

NUGTDirexion Daily Gold Miners Index Bull 2X ETF

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