JNUG ETF

Gold prices continue to push past $2,600 an ounce, giving it more than a 27% gain for the year. In turn, more gold miners are looking to shore up their operations.

Gold rally since 1999 has seen significant growth, with December COMEX futures reaching $2,537.70 in July 2024. GDXJ is a junior gold mining ETF with over $5 billion in assets under management, providing leverage to gold price rallies. Direxion Daily Junior Gold Miners Index Bull 2X Shares ETF is a leveraged fund that can turbocharge returns during gold and GDXJ rallies, but requires careful attention to risk management.

Recession fears have been leading to increased volatility, especially in the major stock market indexes as of late. However, as economic data starts to quell those fears, it can also help gold prices.

Bitcoin and gold reach new record highs, leading the bullish charge in early 2024. Gold prices continue to rally, marking the 25th year of its bull market.

Leveraged ETFs are not suitable for long-term investments due to their long-term decay from daily rebalancing. JNUG is designed to double the daily performance of the VanEck Junior Miners ETF. I believe Gold is set to bust through its triple top at $2,070, and the miners will outperform during that rally.

Since the start of the fourth quarter, physical gold mostly has been on an upswing. According to Kitco, the price of physical gold has risen nearly 8.5% during that time frame.

Higher-for-longer interest rates may have stumped gold temporarily. But recent geopolitical events have pushed the metal higher as safe haven demand increased.