Miners (ABX) (GG) (ANV) (NEM) (NG) All Close Up Tuesday

Shares of Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG), Allied Nevada Gold (AMEX:ANV), Newmont Mining (NYSE:NEM) and NovaGold Resources Inc. (AMEX:NG) went against the tide of gold prices, all closing up on Tuesday, even though gold prices dropped again.

Gold futures for June delivery closed down $10.60, or 0.7 percent, at $1,480.00 per ounce in New York. Trade ranged from a low $1,471.10 to a high of $1,497.50.

The yellow metal has dropped $100 or 6 percent from its record highs of over $1,575 an ounce set earlier in May.

Silver gained 0.7 percent to settle at $33.80 an ounce. Since the latter part of April it has fallen almost 33 percent from a record high of $49.51.

Newmont closed Tuesday at $53.53, gaining $0.59, or 1.11 percent.