Gold Stocks Ramp With Precious Metal En Fuego (GG) (ABX) (GLD) (more...)
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You'll be hard-pressed to find red arrows in gold stocks today with the precious metal surging over $29 per ounce to $1512 in early trading.
Tuesday's upside in gold follows the recent selling pressure seen as investors were moving to less risky assets as the situation in Greece comes to a head.
Around the gold sector, large-caps like Goldcorp (NYSE: GG), Barrick Gold (NYSE: ABX) and Newmont (NYSE: NEM) are up between 1-3%. Mid-caps like Yamana Gold (NYSE: AUY), Harmony Gold (NYSE: HMY) and Royal Gold, Inc. (RGLD) are up between 2-4%. Small-caps like Golden Star Resources, Ltd. (AMEX: GSS), Northgate Minerals Corp. (NXG), Cardero Resource Corp. (CDY) are up 1-2%.
ETFs are also notable higher. SPDR Gold Shares (NYSE: GLD) is up 1.7%, Market Vectors Gold Miners ETF (NYSE: GDX) is up 3% and Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) is up 3.2%.
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Tuesday's upside in gold follows the recent selling pressure seen as investors were moving to less risky assets as the situation in Greece comes to a head.
Around the gold sector, large-caps like Goldcorp (NYSE: GG), Barrick Gold (NYSE: ABX) and Newmont (NYSE: NEM) are up between 1-3%. Mid-caps like Yamana Gold (NYSE: AUY), Harmony Gold (NYSE: HMY) and Royal Gold, Inc. (RGLD) are up between 2-4%. Small-caps like Golden Star Resources, Ltd. (AMEX: GSS), Northgate Minerals Corp. (NXG), Cardero Resource Corp. (CDY) are up 1-2%.
ETFs are also notable higher. SPDR Gold Shares (NYSE: GLD) is up 1.7%, Market Vectors Gold Miners ETF (NYSE: GDX) is up 3% and Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) is up 3.2%.
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