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Wednesday, December 29, 2010

First Majestic Silver (NYSE:AG), U.S. Gold (NYSE:UXG), Jaguar Mining (NYSE:JAG), Thompson Creek Metals (NYSE:TC) Among Tuesday's Top Performers

Of the top performers on Tuesday, five of the top ten, as measured by percentages on the NYSE, were miners, including First Majestic Silver (NYSE:AG), U.S. Gold (NYSE:UXG), Jaguar Mining (NYSE:JAG) and Thompson Creek Metals (NYSE:TC).

First Majestic Silver and U.S. Gold were No.1 and No. 2 respectively among all stocks on the exchange.

Much of this was centered around the fall in value of the U.S. dollar and gold and silver's safe haven status as well as being increasingly considered as an alternative currency if the U.S. dollar were to completely collapse.

First Majestic Silver closed Tuesday at $13.60, gaining $1.51, or 12.49 percent. U.S. Gold ended at $7.96, up $0.67, or 9.19 percent.

Jaguar Mining, which was the No. 4 gainer on Tuesday, based on percentages, closed at $7.18, up $0.50, or 7.49 percent. In 9th place Tuesday was Thompson Creek Metals, closing at $13.94, gaining $13.94, up $0.72, or 5.45 percent.

Other than Jaguar Mining, all the companies were above their 3-month daily trading volume.

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