Monthly Archives: December 2011

Gold stocks surged Tuesday as the Market Vectors Gold Miners ETF (GDX) avant-garde $1.58 or 3.1% to $52.75 per share

Gold stocks surged Tuesday as the Bazaar Vectors Gold Miners ETF (GDX) avant-garde $1.58, or 3.1%, to $52.75 per share. The gold stocks area and GDX were bolstered by backbone in COMEX gold futures, which climbed $18.70, or 1.2%, to $1,615.40 per ounce on the aback of a weaker U.S. dollar. A broad-based assemblage on Wall Street additionally helped lift gold stocks, as the S&P 500 jumped 2.6% to 1,236.25 in aboriginal afternoon trading. Gold stocks in Canada headed arctic alongside the GDX, as the S&P/TSX Global Gold Index alveolate a 2.7% gain.
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Silver stocks rallied Tuesday as the Global X Silver Miners (SIL) surged $0.85 or 4.1% to $21.40 per allotment in morning trading

Silver stocks rallied Tuesday as the Global X Argent Miners (SIL) surged $0.85, or 4.1%, to $21.40 per allotment in morning trading. Strength in the SIL – comprised of abounding of the world’s better argent stocks – was fueled by a broad-based assemblage on Wall Street. COMEX argent futures climbed $0.54, or 1.9%, to $29.42 per ounce as about all bolt acquaint abundant assets as well. The iShares Argent Trust (SLV), a proxy for the argent bulk and the world’s better argent ETF, jumped $0.71, or 2.5%, to $28.67 per share.
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