Gold and gold stocks could see downside (GOLD, HMY, ABX, NEM, GFI, AU, AUY)
Gold stocks are a sector to watch for downside heading into the open on Monday, with spot prices declining in Asian trading, and crude oil indicating that many commodity-related assets could stumble at the open on a slightly stronger dollar. As of 8 a.m. Eastern, shares of Randgold Resources Ltd. (Nasdaq: GOLD) are down more [...]
Pre-Market Volume Spike: GOLD & GOLD STOCKS
Gold is being pounded this morning after the dollar has recovered against the Yen and other currencies. Many of the gold producers and gold bug related stocks are taking it on the chin on active volume in pre-market trading. ETF: SPDR Gold Shares (NYSE: GLD) down 2.45% at $86/.77 on 692,000 shares at 8:44 AMEST. [...]
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