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Monday, June 7, 2010

Barrick (NYSE:ABX), Newmont (NYSE:NEM), Goldcorp (NYSE:GG) Surge on Gold Prices Skyrocketing

Gold prices are skyrocketing today giving major gold companies like Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM) and Goldcorp (NYSE:GG) a nice push upward in share prices, as investors continue to gravitate toward safety for their capital.

After a correction and traders and speculators selling off their positions in gold, that has done almost nothing to dampen the enthusiasm for gold, which continues on its historic bull market, with nowhere in sight as to when it'll pull back for the long term.

This reveals the view of gold by those investing in it, and how they believe there is a strong support under the metal as it continues to be resilient in the face of every type of pressure that could come against it.

Gold companies are extremely happy about this of course, as well as those investing in the right gold miners, as they will continue to move up with the price of gold, and the low-cost gold producers and their shareholders will profit handsomely from it, including those holding positions in the giant gold miners like Barrick, Newmont and Goldcorp.

Gold prices today are again approaching record levels.

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