No arbitrage play on NUGT and GDX, Direxion funds are a scam, precious metals market manipulation

Direxion Daily Gold Miners Index Bull 3X Shares NUGT is a leveraged fund that very basically aims to mimic the movement of VanEck Vectors Gold Miners ETF GDX at triple the rate.

So, if GDX goes up 5%, then NUGT roughly goes up 15% give or take, minus much higher expenses principally due to interest on the leverage (which is getting smaller by the way with rate cuts… Read more