Just to familiarize readers with the make-up of this index, top holdings currently are ABX (16.51%), GG (13.19%), NEM (11.18%), KGC (5.76%), and AU (5.60%), so 40% of the index is dominated by three equities at the moment.
Being still somewhat new to the marketplace, having debuted about one year ago in December of 2010, NUGT and DUST’s trading activity has significantly ticked up in the past several months, and eclipsing one million shares on several occasions daily as more sophisticated investment managers have adeptly used these products in conjunction with their bets on the prices of gold itself.
Direxion Daily Gold Miners Bear 3X
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