Is NUGT a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

2,175 people get NUGT articles and Market Currents by email alert.

Get email alerts on NUGT »

HEADLINES:

Gold Near Fair Value: Required Yield Theory Is Gold-Neutral
Julian Van Erlach • Mon, May 13 • 9 Comments
Update On Gold: Is This The Bottom?
Dave Kranzler • Wed, May 8 • 39 Comments
Gold And Silver Dead Cat Bounce And More Carnage To Come Or All In?
Doug Eberhardt • Fri, Apr 26 • 86 Comments
Are Gold Stocks Oversold?
Franklin Templeton Investments • Wed, Apr 24 • 41 Comments
Gold Outlook - What To Expect
Alpha Hunter • Tue, Apr 23 • 3 Comments
Gold 20% Undervalued According To Required Yield Theory
Julian Van Erlach • Sun, Apr 21 • 18 Comments
Is There A Silver Lining To The Gold Price Plunge?
AllianceBernstein • Sun, Apr 21 • 8 Comments
What China Should Do About The Gold Crash
James A. Kostohryz • Tue, Apr 16 • 98 Comments
Gold: A Fresh Rally Begins Today
Markos Kaminis • Fri, Apr 5 • 55 Comments
Important Developments In The Global Financial System
Dave Kranzler • Wed, Mar 27 • 10 Comments
What The Reverse Split In NUGT Means For Shareholders Of Gold Miners
Christopher F. Davis • Thu, Mar 7 • 26 Comments
5 Commodity Stocks Moving On News
Matthew Smith • Thu, Mar 7 • 4 Comments
3 Leveraged ETF Pairs To Short
Christopher Drose • Thu, Mar 7 • 8 Comments
Gold Vs. Gold Miners: Is The Price Divergence Bullish Or Bearish?
Simon Maierhofer • Wed, Mar 6 • 20 Comments
The Next Big Move In Gold May Require Some Patience
Dave Kranzler • Fri, Mar 1 • 41 Comments
Gold, Silver, Mining Stocks: 'Capitulicious'?
Dave Kranzler • Thu, Feb 21 • 58 Comments
Gold's Death Cross Hastens Mining ETFs' Death Spirals
Benzinga • Wed, Feb 20 • 25 Comments
Why Gold Miner ETFs Have Lagged Gold Prices
Tom Lydon • Thu, Feb 14 • 11 Comments
Investing In Gold Miners While Balancing Leverage And Risk
David Pinsen • Wed, Feb 13 • 10 Comments
The Rumors Of A Dollar Crash And Gold Spike Have Been Greatly Exaggerated
Macro Investor • Tue, Feb 12 • 93 Comments

To learn more about Seeking Alpha Pro, click here.

What The Reverse Split In NUGT Means For Shareholders Of Gold Miners
Christopher F. Davis • Thu, Mar 7 • 26 Comments
Investing In Gold Miners While Balancing Leverage And Risk
David Pinsen • Wed, Feb 13 • 10 Comments
Leveraged Gold Miner ETF Surges 133% In 2 Months
Sammy Pollack • Sat, Sep 22, 2012 • 12 Comments
NUGT: What You Need To Know
Sammy Pollack • Mon, Jun 4, 2012 • 11 Comments

Gold Near Fair Value: Required Yield Theory Is Gold-Neutral
Julian Van Erlach • Mon, May 13 • 9 Comments
Update On Gold: Is This The Bottom?
Dave Kranzler • Wed, May 8 • 39 Comments
Gold And Silver Dead Cat Bounce And More Carnage To Come Or All In?
Doug Eberhardt • Fri, Apr 26 • 86 Comments
Are Gold Stocks Oversold?
Franklin Templeton Investments • Wed, Apr 24 • 41 Comments
Gold Outlook - What To Expect
Alpha Hunter • Tue, Apr 23 • 3 Comments
Gold 20% Undervalued According To Required Yield Theory
Julian Van Erlach • Sun, Apr 21 • 18 Comments
Is There A Silver Lining To The Gold Price Plunge?
AllianceBernstein • Sun, Apr 21 • 8 Comments
What China Should Do About The Gold Crash
James A. Kostohryz • Tue, Apr 16 • 98 Comments
Gold: A Fresh Rally Begins Today
Markos Kaminis • Fri, Apr 5 • 55 Comments
Important Developments In The Global Financial System
Dave Kranzler • Wed, Mar 27 • 10 Comments
5 Commodity Stocks Moving On News
Matthew Smith • Thu, Mar 7 • 4 Comments
3 Leveraged ETF Pairs To Short
Christopher Drose • Thu, Mar 7 • 8 Comments
Gold Vs. Gold Miners: Is The Price Divergence Bullish Or Bearish?
Simon Maierhofer • Wed, Mar 6 • 20 Comments
The Next Big Move In Gold May Require Some Patience
Dave Kranzler • Fri, Mar 1 • 41 Comments
Gold, Silver, Mining Stocks: 'Capitulicious'?
Dave Kranzler • Thu, Feb 21 • 58 Comments
Gold's Death Cross Hastens Mining ETFs' Death Spirals
Benzinga • Wed, Feb 20 • 25 Comments
Why Gold Miner ETFs Have Lagged Gold Prices
Tom Lydon • Thu, Feb 14 • 11 Comments
The Rumors Of A Dollar Crash And Gold Spike Have Been Greatly Exaggerated
Macro Investor • Tue, Feb 12 • 93 Comments
The Real Reason Not To Buy Gold
Macro Investor • Tue, Feb 12 • 50 Comments
Why Hyperinflation Is A Myth (And What It Means For Gold Prices)
Macro Investor • Tue, Feb 12 • 568 Comments

There are no Transcripts on NUGT.

Movers & Shakers: Friday’s biggest gaining and declining stocks

at MarketWatch.com (Jun 1, 2012)
Gold miners a better bet than metal, Lydon says

at MarketWatch.com (Nov 11, 2011)
John Nyaradi's ETF Edge: Another way to buy gold

at MarketWatch.com (Sep 20, 2011)

NUGT vs. ETF Alternatives

NUGT Description

The Daily Gold Miners Bull 3x shares seeks daily investment results, before fees and expenses, of 300% of the price performance of the NYSE Arca GoldMiners Index ("Gold Miners Index"). There is no guarantee the fund will meet its stated investment objective.
See more details on sponsor's website

Sector: Basic Materials

Key Info

In Your Portfolio: A Guide to Commodity ETFs and ETNs
Asset Class Performance: Commodities

All
| Earnings
| Dividends
| M&A
| On the move

Friday, May 24, 9:06 AM After spending years and billions eliminating their hedge books, gold producers (GDX) may need to return to their old habit - selling production forward - thanks to the metal's (GLD) sharp decline. "We think producers are under pressure to put on hedging," says SocGen's Robin Bhar. "The problem is it needs a cultural change ... Guys who used to hedge have lost their jobs." Renewed producer selling could put even more pressure on prices. 9 Comments [Commodities]
Thursday, May 23, 2:46 PM Gold's sharp rise today can be attributed to the dollar's drop vs. the yen; when the dollar drops, gold should rise, as their correlation during the past 24 days has hit -86%. A stock sector that's standing out is emerging market gold miners: South Africa’s Sibanye (SBGL), Harmony (HMY) and AngloGold (AU), plus Peru's Buenaventura (BVN) are stronger, even as their corresponding country ETFs (EZA; EPU) are in the red. 5 Comments [Commodities, On the Move]
Wednesday, May 22, 3:59 PM Prospects for gold mining stocks (GDX +1.2%) could be turning around at least in the short term, MKM Partners' Katie Stockton says. She would consider adding some exposure to take advantage of a short-term relief rally within the downtrend, adding "the trade is likely to play out in the near term or not at all, so we expect to know if it is working in the next week or two." 8 Comments [Commodities]
Monday, May 20, 12:57 PM As precious metals prices turn around, share prices of gold (GDX +4.7%) and silver miners (SIL +3.1%) surge: ABX +5.9%, GG +4.5%, KGC +6.4%, NEM +4.7%, SLW +4%. Even South African producers turn mixed, despite the call from the country's mine workers union for big pay increases: AU -0.8%, GFI +1.5%, HMY -0.5%. 2 Comments [Commodities, On the Move]
Friday, May 17, 3:22 PM Gold miners (GDX -3.2%) take another beating as gold continues to lose its allure amid disclosures of reduced bets by hedge funds, a World Gold Council report showing gold demand at a three-year low, and a surging dollar. For the miners, it's an ugly world of lower production, higher costs and falling prices. At least nine miners hit 52-week lows: NEM -3%, GG -2.7%, AUY -4.8%, HMY -6.3%, AU -2.5%, BVN -1.1%, ANV -7.4%, NG -2.7%, GSS -5.8%. 18 Comments [Commodities, On the Move]
Friday, May 10, 12:23 PM The mini-recovery in gold and metals mining stocks is stopped as gold prices sink 3% today to ~$1,425/oz. after closing higher in each of the past two weeks. A breach of key chart levels is prompting heavy selling of gold futures, already under pressure from a stronger dollar and rising stock markets. Among big miners: ABX -3%, NEM -2.1%, GG -1.6%, KGC -3.8%, SLW -2.7%, FCX -1.8%. Comment! [Commodities, On the Move]
Wednesday, May 8, 2:05 PM Today's dead-cat bounce in the mining sector looks like a reaction to the overwhelming bearishness, expressed in the options market yesterday by heavy buying of GDX puts. Volume in the gold miners ETF (GDX +4.8%) is only about average so far, indicating mere short-covering and no stampede back into gold stocks, Randall Forsyth writes. ABX +7.6%, GG +4.5%, NEM +4%. 5 Comments [Commodities, On the Move]
Tuesday, May 7, 2:10 PM Some big moves in today’s options trading make it appear that investors are banking on another drop in the gold miners ETF (GDX -3%), already -36% YTD. Volume in GDX options is heaviest in the June $27 strike puts, where nearly 40K puts have traded vs. open interest of ~16K contracts. Big miners are broadly lower: HMY -5.5%, GFI -5.2%, AU -3.2%, ABX -3.1%, EGO -2.8%, NEM -2.2%, GG -2%. 3 Comments [Commodities, On the Move]
Wednesday, May 1, 10:41 AM Gold miners (GDX) risk becoming a “barbarous relic” to equity investors unless they return more money to shareholders, warns BlackRock's Evy Hambro, whose commodities funds hold ~$7B in gold-related assets. Big miners have been "care free" in financing their expansion by issuing shares while gold prices were high; profitability per share has fallen, hurting long-term shareholders. (ETFs: GLDX, PSAU, NUGT, DUST, GGGG, RING, GDXJ) 1 Comment [Commodities]
Monday, April 29, 11:39 AM Gold miners (GDX) have been smacked by plunging gold prices, but Citigroup and HSBC think they have further to fall. Citi worries about AngloGold (AU) because negative free cash flow would hit its "already stretched balance sheet," but Harmony Gold (HMY) has the balance sheet to weather similar problems; Gold Fields (GFI) is its sector favorite. HSBC cuts GFI, Agnico Eagle (AEM) and many others. 1 Comment [Commodities, Quick Ideas]
Monday, April 22, 12:33 PM Encouraged by the efforts of gold miners to be more transparent about costs, Andrew Bary of Barron’s over the weekend makes the case for owning beaten gold-mining stocks. The more accurate - i.e., higher - cost estimates aren’t just about trying to be more shareholder-friendly, they're about trying to avoid shakedowns by revenue-hungry emerging market governments. 10 Comments [Commodities]
Wednesday, April 17, 3:15 PM One of the stranger outcomes of gold's collapse is to make gold miners look more expensive, which Nomura says means more downside for the miners. "Lower levels of investment demand have the equilibrium point for the gold price at still lower levels. [If so], the equities should still have further to retrace." It's another down day for South African miners: HMY -5.6%, GOLD -4.5%, AU -4%, GFI -1.2%. (also) 6 Comments [Commodities, On the Move]
Monday, April 15, 10:37 AM It was difficult enough to maintain a profitable mine when the price of gold was relatively stable; with gold plummeting, there’s likely even more pain ahead. Citi’s Johann Steyn, who covers South African gold miners, downgrades his target price and earnings outlook for the entire sector, and cuts Harmony Gold (HMY -8.2%) to Sell. For what it's worth, he calls Gold Fields (GFI -3.2%) his favorite. 3 Comments [Commodities, On the Move]
Monday, April 15, 5:01 AM Gold futures leg down to $1,401, -6.1%. Silver -9.8% to $23.74. ETFs to watch: GLD, IAU, DGP, SGOL, UGL, PHYS, AGOL, DGL, UBG, DZZ, GLL, DGZ, UGLD, DGLD, DBP, GLDI, GDX, GDXJ, NUGT, AGQ, GLDX, PSAU, DUST, GGGG, RING, SLV, PSLV, SIVR, ZSL, DBS, USV, USLV, DSLV, SILJ, SIL, SLVP. 2 Comments [Breaking News, Commodities, On the Move]
Monday, April 15, 4:20 AM A number of reasons have been given for gold's (GLD) sudden free-fall, chief among them the ECB's pressurization of Cyprus' central bank to sell its gold reserves to help pay for the country's bailout. That has raised expectations that other distressed eurozone members might be forced to sell gold as well. Other factors include bearish forecasts such as from Goldman Sachs, the slow improvement in the U.S. economy, and the perception that gold is no longer needed as a safe haven. Gold -4.1% and silver -7.4%. 15 Comments [Commodities, On the Move]
Sunday, April 14, 7:51 AM Notwithstanding Friday's implosion, Barron's Randall Forsyth says gold looks undervalued, and pitches the precious metal as the anti-bitcoin: "It is incongruous that gold - money that can't be printed, just minted - would enter a bear market Friday." Calafia Beach Pundit disagrees. His next target for gold: $1,000. 36 Comments [Commodities]

Ocean Man
Bought $MUX in the pre-mkt at $2.25. $GLD is up 1.5%, $NUGT is up 8.7% and well above yesterday's highs. MUX traded at $2.30 yesterday.
Wed, 9:10 AM
Reply (2)

• !Report Abuse
View all 2 replies
Nefas: good job...i managed to close the door behind me....so i just got home...no trades for me today ^^
Wed, 10:02 AM
• !Report Abuse
Jermanis: Nice, I like it.
Wed, 10:22 AM
• !Report Abuse
Add a reply...

140 characters

jason2713
Sold $NUGT 8.76 ---> 9.44
Tue, 2:03 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

jason2713
The Bernank knows he's painted in a low interest rate corner. So do I. $GLD $BVN $GG $NUGT
Tue, 11:56 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Nefas
To me it looks like $MUX is acting 2x $GLD and 0,5 $NUGT...thx for the proxycall OM!
Sun, 7:33 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Nefas
Well this honey is in a free wall $NUGT but i am happy about it :D
Sun, 7:33 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Stockmarketdouble
$NUGT-Im buying more http://bit.ly/11xrElz
May 16, 12:21 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Nefas
Just how far can $NUGT drop?
May 10, 9:34 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Nefas
Damn $NUGT go down to 11ish and you are mine!
May 9, 11:27 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Nefas
$NUGT i just found NUGT for me...gotta see how it does. It has to close a few Gaps to the Upside :)
May 8, 1:59 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Ocean Man
I would've been so much better off in $GLD calls than $NUGT. Terrible decision.
May 2, 10:02 AM
Reply (1)

• !Report Abuse
View all 1 replies
Clayton Rulli: i hate those leverged efts
May 2, 10:35 AM
• !Report Abuse
Add a reply...

140 characters

LATEST REPLIES

Ocean Man
Bought $MUX in the pre-mkt at $2.25. $GLD is up 1.5%, $NUGT is up 8.7% and well above yesterday's highs. MUX traded at $2.30 yesterday.
Wed, 9:10 AM
Reply (2)

• !Report Abuse
View all 2 replies
Nefas: good job...i managed to close the door behind me....so i just got home...no trades for me today ^^
Wed, 10:02 AM
• !Report Abuse
Jermanis: Nice, I like it.
Wed, 10:22 AM
• !Report Abuse
Add a reply...

140 characters

x oil -field
$GOLD*C L-1,564.85 http://bit.ly/nXGqkT $GLD Low-$152.15 $NUGT *Report of Zombies in the Street. http://bit.ly/Whn92u http://bit.ly/YIbCax
Mar 1, 1:55 PM
Reply (14)

• !Report Abuse
View all 14 replies
x oil -field: Did the Fed tighten while we were getting*a cup of coffee..?The greenback is soaring against all other currencies. http://bit.ly/Z1athm $FXE
May 17, 10:39 AM
• !Report Abuse
x oil -field: *
May 17, 10:40 AM
• !Report Abuse
Add a reply...

140 characters

x oil -field
WSJ: $GOLD at $800 Doesn't Sound So Funny Anymore. $GLD http://bit.ly/172eh1C $NUGT $STT
Apr 17, 2:33 PM
Reply (1)

• !Report Abuse
View all 1 replies
x oil -field: MarketWatch:Gold losses trigger circuit breakers in Tokyo.*http://bit.ly/113Yf3q http://bit.ly/172fJRB $GLD $STT
Apr 18, 8:27 AM
• !Report Abuse
Add a reply...

140 characters

Dr. Kris
Miners' rock! If you can call the direction correctly, you can make some mean moolah with the 3x bull ($NUGT) or bear ($DUST) gold miners.
Apr 24, 3:22 PM
Reply (12)

• !Report Abuse
View all 12 replies
Perkins Cove: Once again Doc you bring something worth eating to the table. (think XIV when it was $5). Don't worry, will take small bites of $NUGT...grin
Apr 25, 10:19 AM
• !Report Abuse
Robert Edwards: I called DUST perfect today....Check out my article. http://seekingalpha.com/p/13fj3
May 9, 5:06 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
Back into $NUGT at $12.05 in the pre-mkt. Try this again. ECB rate cut could help.
May 2, 8:09 AM
Reply (2)

• !Report Abuse
View all 2 replies
Ocean Man: Stock at $12.25, moving stop to break-even.
May 2, 1:52 PM
• !Report Abuse
Ocean Man: Stopped out. Not sure why that one didn't perform better today.
May 2, 3:45 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
Stopped out of $NUGT at break-even. Shoulda gone with $GLD calls. Sometimes NUGT is better if SPY goes up with gold.
May 1, 3:26 PM
Reply (1)

• !Report Abuse
View all 1 replies
Will Erlandson: "Breeze up off the NUGT's, buy calls in GLD's." -Snoop Dogg
May 2, 10:37 AM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
I would've been so much better off in $GLD calls than $NUGT. Terrible decision.
May 2, 10:02 AM
Reply (1)

• !Report Abuse
View all 1 replies
Clayton Rulli: i hate those leverged efts
May 2, 10:35 AM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
$NUGT up 4% intra-pre-market.
May 2, 9:28 AM
Reply (1)

• !Report Abuse
View all 1 replies
Ocean Man: I should've taken it.
May 2, 9:41 AM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
Bought $NUGT at $12.15 as soon as I saw $GLD pick a direction.
May 1, 2:23 PM
Reply (10)

• !Report Abuse
View all 10 replies
Ocean Man: Yeah, SLW's a good one for this play.
May 1, 2:59 PM
• !Report Abuse
Brian58: actually any of them are good at these levels as long as FED/Europe/Japan keep the press alive
May 1, 3:01 PM
• !Report Abuse
Add a reply...

140 characters

Sudarshan Athukuri
$NUGT - is it a good buy for long term?
Apr 22, 4:24 PM
Reply (4)

• !Report Abuse
View all 4 replies
Sudarshan Athukuri: so what happens when gold move from 1400+ to 1900+ in 6months time? Thanks for the educating....
Apr 29, 4:17 PM
• !Report Abuse
losbronces: You will win with that type of movement, more than with $GLD (you won't get 3X though). You need a big move to conteract the decay.
Apr 29, 4:29 PM
• !Report Abuse
Add a reply...

140 characters

x oil -field
$INR As $GOLD prices crash, market gaze turns to quality of gold loan portfolio. New Delhi http://bit.ly/17nxrgG $GLD $GDX $STT $NUGT
Apr 17, 5:19 PM
Reply (10)

• !Report Abuse
View all 10 replies
x oil -field: ..its a balloon about to pop.I've taken heat ringing the bell to no avail.Folks just wish to blow harder on the balloon,& all know..
Apr 18, 8:25 AM
• !Report Abuse
x oil -field: ..what happens when a balloon has to much air! All I can say now is ..boyz and girlz hang on for the rough ride.
Apr 28, 10:35 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
$NUGT down 7% today. $MUX up 3%+. Alpha found.
Apr 23, 9:11 PM
Reply (1)

• !Report Abuse
View all 1 replies
det9: Hoping u r right
Apr 24, 12:47 AM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
Gold miners taking a beating. $NUGT down 12% after being green this morning.
Apr 3, 12:21 PM
Reply (2)

• !Report Abuse
View all 2 replies
jimbo-hawks: Thinking about buying gold miners after this huge sell off?
Apr 3, 2:54 PM
• !Report Abuse
Ocean Man: Not really, could go lower. But the 150 GLD floor holds for now.
Apr 3, 3:57 PM
• !Report Abuse
Add a reply...

140 characters

x oil -field
GOLD L1,576.65¢ http://bit.ly/nXGqkT $GLD L$152.60¢ $NUGT SA @MI *Reports of Zombie's in the Str.http://bit.ly/Whn92u http://bit.ly/XClwu4
Mar 14, 8:42 AM
Reply (5)

• !Report Abuse
View all 5 replies
x oil -field: Paulson:The man who made billions betting on US housing crash. The Telegraph $GLD Today's Paulson's papier-mâché fraud? http://bit.ly/YNAQke
Mar 24, 8:32 AM
• !Report Abuse
x oil -field: Gold Giants Shrink to Fit as John Paulson Pushes Breakup: Commodities Bloomberg http://bloom.bg/ZfOKii $GLD
Mar 24, 8:35 AM
• !Report Abuse
Add a reply...

140 characters

x oil -field
$GOLD L1,574.58¢ http://bit.ly/nXGqkT $GLD L$152.40¢ $NUGT SA @MI *Reports of Zombie's in the Str.http://bit.ly/Whn92u http://bit.ly/XClwu4
Mar 7, 3:27 PM
Reply (2)

• !Report Abuse
View all 2 replies
x oil -field: Randgold Resources Ltd. (ADR) NASDAQ: $GOLD - Mar 22 3:59pm ET $85.72¢ Jersey,Channel Islands-based Co. http://bloom.bg/ZfOKii
Mar 24, 7:29 AM
• !Report Abuse
x oil -field: $INR Why Indian Investments Are Dead Money For 2013 by: Sneha Shah $CTSH $EPI $HDB $IBN $INDY $INXX $PIN $TTM http://bit.ly/104KOyC
Mar 24, 8:03 AM
• !Report Abuse
Add a reply...

140 characters

NUGT Direxion Daily Gold Miners Bull 3x Shares ETF

NUGT

Direxion Daily Gold Miners Bull 3x Shares ETF