🔴 Gold Miners 3X Leveraged ETN (GDXU) is trading 4.16% down in pre-market after gold profit-taking

GDXU is trading at $152.03 (-4.16%) in pre-market after gold retreated from a more-than-two-month peak, prompting overnight profit-taking.

• The decline follows GDXU’s sharp 27.75% gain on August 19, increasing reversal risk.
• Gold remains near $4,500, while Treasury buybacks continue supporting lower yields and a weaker dollar.
• Today’s jobless claims and Philly Fed data could add volatility after the open.