Gold & Other Commodities Plunge as Panic Runs Wild

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Go back to Gold & Other Commodities Plunge as Panic Runs Wild

A Short List of (Relatively) Safe Gold Stocks

April 16, 2013 2:32 PM EDT

This week gold and silver were the talk of the town on Wall Street after panic sent precious metals sharply lower. There is no shortage of theories about gold's massive plunge - everything from Cyprus central bank selling, a large margin call, fears of Fed tightening, ETF liquidation, and so on. Whatever the case, it's clear that... More

China Slows in Q1; World Markets, Gold Sell-Off

April 15, 2013 7:55 AM EDT

Overnight it was reported that China's GDP grew 7.7 percent in the first quarter, which was down from the 7.9 percent growth in the fourth quarter and below economists expectations of 8 percent growth.

The government cited the global economic situation and domestic controls to slow property speculation.... More

Citi Downgrades Freeport-McMoRan (FCX) to Sell

April 15, 2013 6:50 AM EDT

Citi downgraded Freeport-McMoRan (NYSE: FCX) from Neutral to Sell with a price target of $25.00 (from $35.00). Analysts cut 2014 copper pricing by 13 percent and warned Freeport-McMoRan is likely to have minimal free cash flow over the next two years.

For an analyst ratings summary and... More

Gold futures fall below $1,500/ounce in New York

April 12, 2013 11:02 AM EDT

Gold futures fall below $1,500 per ounce in New York.... More

UPDATE: Gold Under Heavy Pressure, Breaks Below $1500/ounce

April 12, 2013 10:39 AM EDT

(Updated - April 12, 2013 11:25 AM EDT)

(Updated - April 12, 2013 11:12 AM EDT)

Gold was pressured early on Friday after prices breached support at $1540 per ounce. The slide put gold stocks in the hot seat, with shares of Barrick Gold Corporation (NYSE: ABX),... More