Bank of Montreal ZC SP ETN REDEEM 29/06/2040 USD - 3X Leveraged (:GDXU)
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- StockMarketMentor: Two More Gold Trade Ideas The Microsectors Gold Miners 3X leveraged ETN ($GDXU) is breaking out to a new short term high. This is a bit of rocket fuel and is up more than 6% just today. It's not for the faint of heart. BASIS -- 237.44 SUGGESTED STOP -- 221.90 Gold Fields Limited ($GFI) BASIS -- 43.98 STOP -- 40.70
- shawnpwilson: @StockMarketMentor $GDXU $GFI for the folks that don't know.... leveraged ETF's are meant to be in and out of in a nimble fashion. Don't take the drawdowns. It can take a long time to get even with the leveraged ETF , longer than the underlying non leveraged ETF. I learned the hard way back during Covid with the SPXL... don't be that guy or gal. Look it up... Time Decay with Leveraged ETF's ( something like that ).
- StockMarketMentor: Not for the faint of heart...... Gold continues to move nicely. If you are really feeling sporty, you might look at $GDXU -- a triple gold miner ETF. The weekly chart looks beautiful, with the stock coming out of a 3-year base. I can't put this on the ATI list because it's a really bad entry here -- pretty far above the 50-day MA. But I'm just pointing it out. -Dan
| Stock Price | $157.81 |
| Change | -18.04% |
| Volume | 3,203,840 |
The investment seeks the return on the notes is linked to a three times leveraged participation in the daily performance of the S-Network MicroSectorsTM Gold Miners Index. The index is a total return index that tracks the performance of two exchange traded funds, the VanEck Vectors® Gold Miners ETF (the ¿GDX¿) and the VanEck Vectors® Junior Gold Miners ETF (the ¿GDXJ¿).
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