Direxion Daily Gold Miners Index Bull 2X ETF

NUGT

Market cap $788M

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.

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.

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.

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.

The Direxion Daily Gold Miners Index Bull 2X Shares ETF offers double the daily performance of the MarketVector Global Gold Miners Index but is intended solely for intraday trading. Gold miners, as tracked by GDX, remain attractively valued versus the S&P 500, with potential for earnings upside if gold prices exceed analyst forecasts. Persistent U.S. fiscal deficits, quantitative easing, and expected rate cuts in 2026 create strong tailwinds for gold and gold miners' earnings growth.