Kinross (NYSE:KGC), AngloGold Ashanti (NYSE:AU), Harmony (NYSE:HMY) Explode Upward on Rising Gold Prices

Kinross Gold Corp (NYSE:KGC), AngloGold Ashanti (NYSE:AU), Harmony Gold Mining (NYSE:HMY) are moving up in a major way in response to the explosion in gold prices and the overall response of the broader gold market.

All of this is the result of the misguided move by the Federal Reserve to inflate, or as they like to describe it now: implement a new round of "quantitative easing."

Consequently the U.S. dollar plummeted in value as expected while the price of gold rose, also as expected.

Kinross moved up to $18.64, gaining $0.83, or 4.66 percent at 1:56 PM EDT. AngloGold Ashanti Ltd. traded at $48.95, rising by $2.36, or 5.07 percent. Harmony Gold soared to $12.24, increasing by $0.83, or 7.27 percent.

Almost every gold miner, or mining company with significant exposure to gold have risen today.