All these are for a short term long exposure. GDX has sold off significantly.
Ofcourse, if you are long GDX, you are betting against the market. So, do not treat this as a position trade, But like a hedge. What do I mean. If you are long a bunch of spread in the Equity sector, You can hedge them by getting spreads on Gold and Bonds.
Building an exposure here is a hedge on if the Market shakes out in the next 2-3 weeks. Your GDX and its component will make you money.
NUGT - Do not Enter naked option positions.