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Gold's bull market remains strong, reaching a record high of over $2,625 per ounce in September 2024, with no signs of reversal. Gold mining stocks, particularly ETFs like GDX and GDXJ, often outperform gold during rallies, providing leveraged returns due to lower-grade ore extraction and increased demand. MicroSectors™ Gold Miners 3X Leveraged ETNs, a triple-leveraged fund, offers significant short-term gains but carries high risks, including time decay and magnified losses during price corrections.
Wall Street surged last week marking strong weekly gains as market watchers raised its expectations for a significant interest rate cut by the Federal Reserve.
U.S. stocks registered the best week of the year for major indexes last week.
Gold reached a new high of $2,454.20 on the June COMEX futures contract on May 20. Gold mining shares operate on a leveraged model and can outperform gold on the upside and underperform when the price falls. Economic and geopolitical factors support a continuation of rising gold prices, making it a safe-haven asset.
Top Performing Levered/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.
FAQ
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