🟢 NUGT is trading 4.5% up today as gold miners rebound after last week's sharp selloff

NUGT is trading 4.5% up today as gold miners stage a relief rally following last week's steep decline driven by rising real yields and higher energy costs.

• Traders appear to be covering short positions and bargain-hunting across the gold mining complex amid a light macroeconomic data calendar.
• The ETF’s 2X leveraged structure is significantly amplifying modest gains in underlying gold miner stocks into a larger percentage move.