GDXU is trading at $88.27, up +3.40%, in a sharp intraday reversal; available evidence does not establish a clear bullish catalyst.

  • Supplied price history shows a 3.23% gain at Thursday’s close, while gold faced pressure Friday.
  • October payrolls beat expectations at 165,000, and unemployment was 4.1%; the report lifted the dollar and Treasury yields, weighing on gold and creating a headwind for miners.
  • GDXU’s 3x daily exposure magnifies moves in gold-miner shares.