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Gold Stocks Slammed By Dollar Rally (UUP, GLD, SSRI, KRY, NGD, SVM, ABX, NEM, GG)

Posted by Jason Smith at 11:24AM on October 19th

Gold slipped sharply on Tuesday after Treasury Secretary Tim Geithner said, “No country around the world can devalue its way to prosperity,” and the U.S. will work to maintain confidence in a strong dollar. The PowerShares DB US Dollar Index…

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Crystallex Up on China Deal, Can’t Lift Canadian Miners (KRY, ABX, GG, IAG, SA, EGO, SLW, SSRI, IVN, PAL)

Posted by Ryan Patel at 10:33AM on June 7th

It’s been a wild ride for Crystallex International (KRY) investors over the last year, but those who bought in at the last dip are being rewarded handsomely today after China Railway Resources Group Co Ltd (CRRC) signed a binding agreement to…

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Is Gold On Its Way To $1500 By Year’s End? (GLD, UUP, ABX, GG, NEM, KRY, BA, AU, KGC)

Posted by Owen Vater at 9:37AM on May 24th

Despite the continued equity rout on Wall Street, the precious metals segment has been under pressure as the U.S. dollar rallies against the euro, and risk aversion reaches the max. Gold, which is normally a favored “safe haven” investment, has…

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Investors Search For Bearings (FLR, CHD, PCLN, NUAN, KRY)

Posted by Jim Ambrosio at 4:42PM on May 11th

It was an up and down day on Wall Street with stocks finally ending mixed. After the big losses and gains of the past several sessions tied to the problems and possible solution with Europe’s sovereign debt crisis, a seesaw…

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Chinese Inflation Sends Gold Closer To Record High (ABX, GG, NEM, KRY, ANV, SA, SLW, PAAS, DBS, SLV, SSRI, CEA, ZNH, LONG)

Posted by Owen Vater at 11:13AM on May 11th

Gold futures were ahead on Tuesday as the equity markets gave back some of Monday’s winnings. Bloomberg pins the uptick to an increase in Chinese inflation, which accelerated in April to its highest in 18 months. Meanwhile, MarketWatch notes that real-estate prices…

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Stocks Plunge on Crazy Day on Wall Street (RIG, MGM, CI, SLE, KRY, GE, PG, AAPL)

Posted by Geoff Seiler at 4:58PM on May 6th

Stocks took it on the chin for a third straight session, and losses were exacerbated by a panic-driven selling spree that sent the Dow briefly below the 10,000 mark. The rapid decline, and subsequent rebound is likely tied to program…

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Is This The Gold Rally The Hedgies Have Been Waiting For? (BVN, EGO, NGD, LIHR, KRY, JAG, PLM, PLG, IMPUY, PAL, GLD)

Posted by Jason Smith at 1:24PM on April 7th

Gold spiked to over the $1,150 mark on Wednesday, sending mining shares higher across the board on a down day for the equity markets and energy commodities. Bloomberg reports that the yellow metal is headed for its fifth straight day in…

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Hedge Fund Gold Bull Sees New Low for Stocks (ABX, AU, EGO, JAG, SLW, BQI, KRY, ETQ, DROOY)

Posted by Jason Smith at 9:56AM on December 30th

Is Eric Sprott’s uber-bearish call for the S&P on target, or is he merely hopeful that an equity dive will bolster his gold-heavy portfolio?

Stocks have rallied by 66% from their March lows, and while bulls appear to maintain control of…

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Eventual Rate Hike May Not Save Dollar; A Boon for Metals Stocks

Posted by Jason Smith at 12:16PM on November 23rd

The U.S. dollar has been under tremendous pressure recently as the Fed pledges to keep interest rates near historic lows for an extended period. Now analysts say the eventual hike might not be enough to establish a bottom as the…

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Canadian Miners Start Week With a Bang

Posted by Jason Smith at 11:59AM on October 12th

Canada is rich with natural resources, and investors won big on companies tapping into them.

With oil back above $73 and gold pushing to near all-time highs above $1050, Canada’s natural resource stocks are flying to start the week. Miners in…

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