Freeport McMoRan (NYSE:FCX), Newmont (NYSE:NEM) and Randgold (Nasdaq:GOLD) were all down just after mid-day, as gold futures prices have fluctuated back and forth above and below $1,237 an ounce.
This isn't anything to be too concerned about, as there was no way they could continue to explode at a sustainable level at the pace of the last couple of days.
But I do think the gold mining sector should enjoy some good times overall going forward, as the gold mining companies haven't moved in unison with the price of gold futures, and they seem to be ready to do just that.
Some junior gold miners that haven't received much interest should especially do well, although the large ones should have some nice movements too.
Thursday, May 13, 2010
Freeport McMoRan (NYSE:FCX), Newmont (NYSE:NEM), Randgold (Nasdaq:GOLD) Down Today
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