GDXU is trading at $77.84, down 5.87%, as the sharp broad-market selloff may be weighing on miner shares.
- Gold itself was higher in morning reports, supported by a weaker dollar and lower Treasury yields after the midterm results; this alone does not explain the decline.
- Investors may be taking profits after GDXU’s 27.23% gain at the November 4 close.
- GDXU targets 2x the daily performance of its gold-miner index, amplifying sector moves.