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The Direxion Daily Gold Miners Index Bull 2X ETF is rated a buy after a significant correction but requires disciplined risk management due to leverage. Gold and gold mining shares have experienced sharp declines in 2026, yet the long-term bullish trend for gold remains intact, supported by central bank buying. NUGT magnifies GDX's price action, falling 67% from its 2026 high to low; leverage can erode value if not actively managed.
If you put $10,000 into Direxion Daily Gold Miners Index Bull 2X Shares (NYSEARCA:NUGT) at Friday's open on June 5, 2026, you walked out of the close with about $8,300.
Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Direxion Daily Gold Miners Index Bull 2x Shares (NYSEARCA:NUGT - Get Free Report)'s share price gapped down prior to trading on Thursday. The stock had previously closed at $205.00, but opened at $180.03. Direxion Daily Gold Miners Index Bull 2x Shares shares last traded at $191.45, with a volume of 232,154 shares changing hands.
GDX, the VanEck Gold Miners ETF, has shown outsized volatility versus gold, recently underperforming during the latest correction. Gold's long-term bull trend remains intact, with buying on weakness historically optimal; mining shares often outperform on rallies. GDX's recent divergence—making new highs while gold did not—signals potential for mining shares to outperform if gold's rally resumes.
Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Gold has always been one of the go-to assets when stomach-churning volatility forces queasy investors into safe havens. However, recent volatility has been challenging that safe haven narrative, and one of the drivers has been speculative trading activity in China ETFs.
A late January slide reminds investors that even gold doesn't move up in a straight line. Still, the largest plain vanilla ETF dedicated to gold mining stocks is delivering a strong 2026 showing.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.