The Wild Ride of a Leveraged Gold ETF

The Direxion Daily Gold Miners Bull 3X Shares (NYSEArca: NUGT) is, as its name says, a triple leveraged ETF. To be specific, NUGT attempts to deliver three times the daily returns of the NYSE Arca Gold Miners Index, the underlying index for the popular Market Vectors Gold Miners ETF (NYSEArca:...