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Canadian Miners Rally As Investors Seek Safety (USO, SA, AUY, EGO, GDX, GLD, DTO, DGP, AU, SLW, JAG)
by Jason Smith | May 6th | Filed in: Commodity Stocks News
Tickerspy’s Canadian Mining IndexCANADIAN MINING INVESTING IDEAS
CANADIAN MINING COVERAGEMining stocks based in Canada
CANADIAN MINING CHART CANADIAN MINING METRICS
Stocks took it on the chin again on Thursday, with the Dow tumbling over -200 points for its second time in three days. Energy commodities took a beating as well, and a -3.5% oil dip pulled the United States Oil Fund (USO) to its lowest value since February. Gold, however, headed higher as investors fled to one of the Street’s favorite safe-haven investments, and mining stocks rallied by as much as 5%. As a whole, the Canadian Mining Stocks Index is ahead by 1% today, led by Seabridge Gold (SA), Yamana Gold (AUY), and Eldorado Gold Corporation (EGO). Meanwhile, the Market Vectors Gold Miners ETF (GDX) is nipping at the heels of the popular SPDR Gold Trust (GLD), both up approximately 2% for the session. Elsewhere in the Commodity ETFs Index the PowerShares DB Crude Oil Double Short (DTO) and DGP name to DB Gold Double Long ETN (DGP) are leading the way higher while various energy-tied long ETFs sink. Despite the precious metal’s rally, a number of Gold and Silver Stocks Index components are in the red today. Among them are Anglogold (AU), Silver Wheaton (SLW), and Jaguar Mining Inc (JAG). Investors can track the above Indexes and more than 250 others for performance trends and a suite of other metrics at tickerspy.com. 
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