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NUGT Collapsed 17% on Friday While Gold Fell Just 3%: The Hidden Leverage Destroying Miners ETF Holders
Key takeaways
- GDX fell 9% the same day, yet over 10 years it gained 246% while NUGT lost 64% tracking the same underlying index.
- May payrolls printed 172,000 against an 80,000 estimate, spiking the 2-year Treasury yield to a 16-month high and crushing non-yielding gold.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and DIREXION DAILY GOLD MINERS INDEX BULL 2X SHARES didn t make the cut.
NUGT Collapsed 17% on Friday While Gold Fell Just 3%: The Hidden Leverage Destroying Miners ETF Holders Austin Smith Mon, June 8, 2026 at 1:30 AM GMT+7 6 min read GC=F NVDA NUGT GDX Quick Read NUGT crashed 17% in a single session, turning $10,000 into $8,300, after gold bullion fell just 3% on a blockbuster jobs report.
GDX fell 9% the same day, yet over 10 years it gained 246% while NUGT lost 64% tracking the same underlying index.
May payrolls printed 172,000 against an 80,000 estimate, spiking the 2-year Treasury yield to a 16-month high and crushing non-yielding gold.
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