Thursday’s ETF Movers: Gold Miner Bulls, Long Silver ETN

The markets are slightly down on late Thursday after a big rise on Wednesday, following the FOMC press release. The Dow Jones Industrial Average (INDEXDJX:.DJI) and the S&P 500 INDEX (INDEXCBOE:SPX) declined by 0.08% and 0.07%, respectively. On the opposite, COMEX Gold is up 3.85% and now trades around $1321.70 per troy ounce. Among the top stock gainers are: The Kroger Co. (NYSE:KR), which rose 5.4% and continues to gain ground, and Celgene Corporation (NASDAQ:CELG) is up about 4%.

gold-bullion

Direxion Daily Jr Gld Mnrs Bull 3X Shrs (NYSEARCA:JNUG), which holds long positions in securities from the Market Vectors Junior Gold Miners Index, has been Tuesday’s biggest loser. However, it recouped on late Wednesday, and continued to rise throughout Thursday’s trading. The ETF is up about 22% today, after a rough month, responding to the increase in the gold prices, most likely. It currently trades at $30.23. Direxion Daily Gold Miners Bull 3X Shrs (NUGT)’s case is quite similar. The ETF gained more than 15% today, and now trades around $44.17.

Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) is also amongst the outperformers, having returned 7.2% today. This fund seeks to replicate the Market Vectors® Global Junior Gold Miners Index, and has returned almost 10% year-to-date.

VelocityShares 3x Long Silver ETN (NYSEARCA:USLV) is another one of the big winners today. This ETF that seeks to replicate three times the S&P GSCI Silver index ER gained more than 15% on Thursday’s trading. As you might figure, VelocityShares 3x Inverse Silver ETN (NYSEARCA:DSLV), which replicated three times the opposite (inverse) of the S&P GSCI Silver index ER, lost about 14% today.

On the opposite sidewalk, iShares MSCI Frontier 100 (NYSEARCA:FM) lost about 1.2% in Thursday afternoon trading. The investment seeks to track the investment results of an index composed of frontier market equities.

Direxion Daily Gold Miners Bear 3X Shrs (NYSEARCA:DUST) was the underdog today, having lost almost 15%, as the gold price continues to rise.

Disclosure: Javier Hasse holds no interest in any stocks or ETFs mentioned

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!