Goldcorp (NYSE:GG,)Barrick Gold (NYSE:ABX) and Freeport-McMoRan (NYSE:FCX) are all up on the day so far, with Freeport-McMoRan soaring buy over 6 percent.
The gold miners may be responding positively to the announced bailout by the European Union of member countries, putting aside almost $1 trillion in loans for that purpose.
Other sectors like oil had Chevron (NYSE:CVX) and Exxon Mobil (NYSE:XOM) up, the steel industry had AK Steel (NYSE:AKS) and US Steel (NYSE:X), and the aluminum industry had Alcoa Inc. (NYSE:AA) and Century Aluminum (NASDAQ:CENX) up, as commodities rebounded on the news, with expectations demand may increase because of the loan package.
Monday, May 10, 2010
Goldcorp (NYSE:GG) Barrick Gold (NYSE:ABX) and Freeport-McMoRan (NYSE:FCX) Gain Early
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