Friday, May 14, 2010

Newmont Mining (NYSE:NEM), Barrick Gold (TSE:ABX), Kinross Gold (TSE:K) and Goldcorp (NYSE:GG) All Up

Barrick Gold (NYSE:ABX)(TSE:ABX) Newmont Mining (NYSE: NEM) Kinross Gold (NYSE:KGC) (TSE:K) and Goldcorp (NYSE:GG) (TSE:G) all moved with the price of gold futures today.

The gold prices today started off surging in a big way, and the gold miners followed suit, all rising strongly, and then right before noon, all of them, including gold futures prices, plunged.

Right after noon they all started climbing again, with the gold miners all ending the day in positive territory.

Kinross, Barrick and Goldcorp have all moved down a little in electronic trading, but not much. They will probably remain somewhat level throughout the weekend.

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