NUGT is trading at $206.23, down 2.03% in pre-market, with profit-taking the clearest explanation after its sharp rally.
- NUGT surged from $155.13 on August 13 to $210.50 on August 24.
- Gold futures were modestly lower by 0.13% around 3:49 a.m. EDT, providing a small overnight headwind, although bullion remained near multi-month highs.
- The decline appears sector-driven and technical rather than caused by a new fundamental shock.