Alamos (AGI) (ABG) (CLF) (GUY) (AUY) (PAAS) (SSRI) Ratings Changes

Alamos Gold (AGI), African Barrick Gold (ABG), Cliffs Natural Resources (CLF), Guyana Goldfields (GUY), Yamana Gold (AUY), Pan American Silver Corp (PAAS) and Silver Standard Resources (SSRI) had ratings on them changed by analysts.

Investec upgraded African Barrick Gold (ABG) to a "Buy" rating.

Deutsche Bank upgraded Cliffs Natural Resources (CLF) from a "Hold" rating to a "Buy" rating. They have a price target of $48.00 on the company.

RBC Capital upgraded Guyana Goldfields (GUY) from a "Sector Perform" rating to an "Outperform" rating. They have a price target of $6.00 on the company.

Davy downgraded Yamana Gold (AUY) from an "Outperform" rating to a "Neutral" rating.

Deutsche Bank downgraded Pan American Silver (PAAS) from a "Buy" rating to a "Hold" rating. They have a price target of $20.00 on the company.

Deutsche Bank downgraded Silver Standard Resources (SSRI) from a "Hold" rating to a "Sell" rating. They have a price target of $12.50 on the company.

Gold Poised to Rise on Central Bank Stimulus Expectations, Safety

With weak economic data coming in from China and the United States, and the ongoing sovereign debt crisis in Europe, it appears the probability of even more stimulus will be inevitable.

The presidential election in the United States, which is increasingly competitive, and could result in Obama getting routed as the economy continues to fall apart and he panders to his radical base.

It's highly improbable that more austerity will be put in place before elections, although some in the euro zone remain adamant about it, with the most important player - Germany - continuing to resist eurobonds without more controls in place.

Even then it's uncertain the euro zone will be allowed to go forward with the idea that all the countries can spend and go into debt with impunity, while the rest of the countries share their risk.

That won't work over time, but it could be attempted and put in place because of the politically religious commitment to the euro and the European Union, which both are in danger of collapsing.

Consequently, with expectations of more stimulus growing, currencies are coming under pressure again, with the U.S. among them, providing a positive environment for the rise in the price of gold and silver.

With the U.S. dollar losing appeal, gold is again rising in importance for the place to safely place capital. There really is no other alternative when the dollar falls out of favor, as most other currencies are in even worse shape.

Gold miners are also getting a closer look from investors, as they have been hit hard by the recent fall in price of gold.

A couple of companies receiving recent analyst attention are Randgold Resources Ltd. (NASDAQ: GOLD) and Yamana Gold (NYSE: AUY).

Randgold was upgraded by Goldman Sachs (NYSE: GS) from a "Sell" rating to a "Neutral" rating.

Yamana Gold was downgraded by Dundee from a "Buy" rating to a "Neutral" rating.

Yamana (AUY) (CNC) (CSTR) (CVS) (PBY) (URBN) Ratings, Price Targets

Yamana Gold (NYSE: AUY), Centene Co. (NYSE: CNC), Coinstar (NASDAQ: CSTR), CVS Caremark (NYSE: CVS), Pep Boys (NYSE: PBY) and Urban Outfitters, Inc. (NASDAQ: URBN) had ratings and price targets on them adjusted by analysts.

Yamana Gold (AUY) was downgraded by Dahlman Rose from a “Buy” rating to a “Hold” rating.

Centene Co. (CNC) had its “Buy” rating reiterated by Citigroup (NYSE:C). They have a price target of $52.00 on the company.

Coinstar (CSTR) had its “Hold” rating reiterated by Needham & Company.

CVS Caremark (CVS) had its price target raised by Citigroup from $45.00 to $51.00.

Pep Boys (PBY) was downgraded by Argus from a “Buy” rating to a “Hold” rating.

Urban Outfitters, Inc. (URBN) was downgraded by Brean Murray from a “Hold” rating to a “Sell” rating. They have a price target of $23.00 on the company.

Gold Jumping on QE3 Speculation

Speculation the Federal Reserve will introduce another round of quantitative easing had the price gold surpassing the $1,890 mark early in the trading day, as investors continue to migrate toward safety in the volatile and weak economy.

Gold broke $1,890 in New York and London, as the failed Obama economic policies continue to weigh on the global economy.

While some continue to talk double-dip recession, we at Everything Gold have maintained we've never left the recession, as the data continue to confirm.

Others who believed in the recovery myth are now talking entering a recession, which has helped offer support to the price of gold, as well as the ongoing sovereign debt debacle in Europe. An earlier-than-expected QE3 adds more fuel to the gold price fire, and could cause an inevitable correction in gold to be somewhat subdued in comparison to what it may have been.

Barrick Gold (NYSE:ABX) was trading at $52.61, gaining $1.83, or 3.60 percent, as of 11:48 AM. Yamana Gold (NYSE:AUY) was trading at $15.94, jumping $0.43, or 2.77 percent. Newmont Mining (NYSE:NEM) was at $63.23, climbing $3.15, or 5.24 percent. Goldcorp was trading at $53.96, increasing $2.31, or 4.47 percent. Eldorado Gold was at $20.12, up $0.73, or 3.76 percent. Novagold was trading at $10.05, gaining $0.49, or 5.13 percent.

Yamana (AUY) (TNP) (A) (MASI) (AMAT) (BAX) Price Targets Changed

Yamana Gold (NYSE: AUY), Tsakos Energy Navigation (NYSE: TNP), Agilent Technologies Inc. (NYSE: A), Masimo Corporation (NASDAQ: MASI), Applied Materials, Inc. (NASDAQ: AMAT) and Baxter International Inc. (NYSE: BAX) price targets adjusted by analysts.

Tsakos Energy Navigation (TNP) had its price target lowered by FBR Capital from $15.00 to $10.00. They have an “Outperform” rating on the company.

Agilent Technologies Inc. (A) had its price target lowered by Stifel Nicolaus from $59.00 to $50.00. They have a “Buy” rating on the company.

Masimo Corp. (MASI) had its price target lowered by Morgan Keegan from $33.00 to $31.00. They have an “Outperform” rating on the company.

Applied Materials, Inc. (AMAT) had its price target lowered by Citigroup (NYSE:C) from $17.00 to $14.00.

Yamana Gold (AUY) had its price target raised by Davenport from $15.00 to $19.00. They have a “Buy” rating on the company.

Baxter International Inc. (BAX) had its price target lowered by Morgan Keegan from $70.00 to $67.00. They have an “Outperform” rating on the company.

JPMorgan (JPM) Says Gold Could Push $2,500 by the End of 2011

After three straight days of a huge gold rally, the largest since 2008, JPMorgan (NYSE:JPM) said gold could go crazy and soar to as high as $2,500 an ounce by the end of 2011.

This of course is led by Obama and the Democrat refusing to do the responsible thing and cut back on government spending (along with some Republicans).

Gold has jumped recently to an all-time high of $1,779 an ounce. The $2,500 mark, if reached, would represent a new high when taking into consideration being adjusted for inflation.

Goldman Sachs (NYSE:GS) has also joined the gold chorus, saying they see it hitting $1,730 an ounce within 6 months and $1,900 an ounce in 12 months.

Keynesianism is in its death throes as the realization the failed economic theory of the government printing money to escape recessions is just that - a failed one. Socialism everywhere is on the run as the unsustainability of entitlement programs and excessive military spending is increasingly being made clear to a growing number of people.

Consequently, the reason gold is soaring is not only as a safety hedge and defense against inflation, but it's value and recognition as a viable currency is roaring back. Gold has also broken away from the impact of demand, from and industrial standpoint, no longer considered to be affected by the business cycle.

As expected, gold miners are trading up today, with Yamana Gold (NYSE:AUY) trading at $13.61, gaining $0.16, or 1.19 percent, as of 12:14 PM EDT. NovaGold (NYSE:NG) was at $9.30, up $0.26, or 2.88 percent. Eldorado Gold (NYSE:EGO) was trading at $18.08, gaining $0.20, or 1.12 percent. Newmont Mining (NYSE:NEM) was at $54.46, up $0.33, or 0.61 percent. Goldcorp was trading at $46.66, gaining $0.22, or 0.47 percent. Barrick Gold was at $46.62, jumping $0.48, or 1.04 percent.

Gold Futures Soar to Record $1,684.70 An Ounce

Gold futures jumped to another record today, reaching as high as $1,684.70 in morning trading, as investors continue to pour their money into the safety of the yellow metal.

Gold futures for December delivery climbed $12.70, or 0.8 percent, to $1,679 at 10:29 A.M. on the Comex in New York after earlier reaching the record amount. This is the third day in a row gold has broken records.

The misguided actions of American politicians to raise the debt ceiling will increase the pace at which the U.S. dollar will eventually stop being the reserve currency of the world.

Even with the outrageous quantitative easing of the Federal Reserve and the Obama administration, the recession continues, no jobs have been created, and the value of the U.S. dollar continues to plunge. Gold will continue to rise in price under these conditions.

Gold miners, which have largely been lagging the upward price move of gold, show signs of beginning to be rewarded, as recent quarterly reports from Alamos Gold (TSX:AGI) and Yamana Gold (NYSE:AUY) seem to reveal that may be over. Most of this is in direct relationship to rising gold prices, as input costs have risen.

Even so, gold miners are getting punished today, as majors like Newmont Mining (NYSE:NEM), Goldcorp (NYSE:GG) and Barrick Gold (NYSE:ABX) are all trading down between 3 to 5 percent.

Gold Prices Today Soaring on Debt Fears

With U.S. and European debt generating huge concerns among investors, gold continues to push up, increasing by $3 to $1,588.50 an ounce at the Comex division of the New York Mercantile Exchange for August delivery.

Gold has reached as high as $1,594.90, as it presses toward the $1,600 an ounce mark.

The euro was up 0.33 percent against the dollar, while the dollar index remains flat at $74.96.

Uncertainty in the U.S. and Europe continues to be the determining factor in the price of gold during this time, and the hint toward the Federal Reserve being ready to pour more money into the market and further devalue the U.S. dollar is more fuel to the gold price fire.

Also on the back of the minds of investors is the inflation situation in China and India. India just announced inflation climbed to 9.44 percent in Junem up form 9.06 percent in May. Production prices in the U.S. also help gold, and silver as well, falling 0.4 percent below what was being looked for.

Barrick Gold (NYSE:ABX) and US Gold Corp (NYSE:UXG) have been the recipients of bullish call activity recently, with investors acquired 53,000 call options in comparison to 20,000 puts.

US Gold has heavy call activity for November. The share price has been jumping since it hit $5.82 on Monday. It was trading at $6.65, as of 10:59 AM EDT.

A number of gold miners have pulled back after jumping in early morning trading. Goldcorp was at $54.01, falling 0.23, or 0.42 percent, as of 11:00 AM EDT. Yamana Gold (NYSE:AUY) was at $13.01, down $0.14, or 1.06 percent. Eldorado Gold was trading at $17.76, declining $0.01, or 0.06 percent. NovaGold was at $10.06, dropping $0.21, or 2.04 percent.

Eldorado (EGO) (GSS) (AEM) (HMY) (GG) Soar as Gold Breaks New All-Time Record

The price of gold broke another all-time record Tuesday, resulting in gold miners like Eldorado (NYSE:EGO), Golden Star Resources (AMEX:GSS), Agnico-Eagle (NYSE:AEM), Harmony Gold Mining (NYSE:HMY) and Goldcorp (NYSE:GG) popping.

Much of the fast action happened after reports revealed the Federal Reserve has been contemplating another round of quantitative easing, or printing money.

The price of gold settled at $1,562.30, gaining $13.10 on the day, and was up about $20 in after hours trading. The former settlement record was $1,557.10 an ounce on May 2, 2011. The rally fell short of the overall high of $1,577, reaching $1,574 an ounce.

Parameters of initiating QE3 would be sustainably high unemployment rates and low inflation, according to FOMC minutes from the meeting. Interestingly, at the same meeting other members noted they may have to take money out of the market if inflation risk continues to linger or increase.

Silver prices fell to $35.63 an ounce, a loss of 6 cents. In after hours trading the price of silver also soared by over 50 cents an ounce.

Eldorado Gold closed Tuesday at $16.63, gaining $0.81, or 5.12 percent. Golden Star Resources ended the session at $2.54, rising $0.14, or 5.83 percent. Agnico-Eagle closed at $64.35, jumping $2.19, or 3.52 percent. Harmony Gold Mining closed the day at $13.52, increasing $0.54, or 4.16 percent. Goldcorp closed at $52.56, soaring $2.15, or 4.27 percent.

Other gold miners making significant moves included Kinross Gold (KGC), which ended at $16.73, up $0.42, or 2.58 percent. Yamana Gold (NYSE:AUY) closed at $12.85, climbing $0.39, or 3.13 percent. NovaGold Resources Inc. (AMEX:NG) jumped to $9.91, gaining $0.27, or 2.80 percent. Gold Fields (NYSE:GFI) closed at $15.12, rising $0.66, or 4.56 percent. IAMGOLD Corporation (NYSE:IAG) ended the day at $20.25, up $0.90, or 4.65 percent.

IAMGOLD (IAG) (NG) (AUY) (KGC) Close up as Gold Prices Climb Again

IAMGOLD Corporation (NYSE:IAG), NovaGold Resources Inc. (AMEX:NG), Yamana Gold (NYSE:AUY) and Kinross Gold Corp (NYSE:KGC) as the gold price climbed on the credit downgrade of Portugal by Moody's (NYSE:MCO) and concerns China may follow, as it battles inflation.

The gold price jumped $14.80 to $1,527 an ounce at the Comex division of the New York Mercantile Exchange Wednesday after China announced it would be boosting interest rates for the third time in 2011. The price of gold dropped as low as $1,510 an ounce before rebounding up to $1,529 after the People’s Bank of China said that the one-year lending rate will be increased from 6.31 percent to 6.56 percent, going into effect Thursday.

Next week China will release its consumer price index figures, which are expected to jump above 6 percent.

With Portugal downgraded to junk status, Greece with only a promise to implement austerity measures, and the U.S. sinking into economic oblivion, safe-haven assets like gold continue to be the focus of investors, as the clueless Obama administration and Democrats continue to battle to raise the debt ceiling at a time when spending needs to be cut back.

With Republicans being voted in to fight against outrageous government spending, they are under pressure to come through in fighting against raising the debt ceiling and cutting back on the size of government and it spending, it is a momentous time for them, as they have a chance to secure long-term rule if they have an ounce of courage and integrity to keep their promises.

Kinross closed at $16.67, gaining $0.13, or 0.79 percent. Yamana closed at $12.52, jumping $0.35, or 2.88 percent. NovaGold ended the session at $10.22, up $0.11, or 1.09 percent. Iamgold closed at $19.25, rising $0.04, or 0.21 percent.

Randgold (GOLD) (HMY) (GRS) (ANV) (AUY) (GSS) Close Up on Higher Gold Prices

Harmony Gold Mining (NYSE:HMY), Randgold (NASDAQ:GOLD), Gammon Gold (NYSE:GRS), Allied Nevada Gold (AMEX:ANV), Yamana Gold (NYSE:AUY) and Golden Star Resources (AMEX:GSS) end higher as gold futures settled up.

Gold futures for August delivery roe $4 to $1,547.70 an ounce. Silver prices were also up, settling at $37.32 an ounce, gaining 2 percent.

The job market in the U.S. was also weak, as the number of people applying for unemployment benefits for the first time climbed to 427,000 last week. Economists had expected the number to fall to 419,000. The number applying for jobless benefits jumped from the prior week too, being upwardly revised from 422,000 to 426,000.

Gold was also stronger on the decision by the European Central Bank to keep its interest rate at the same level. It did give a nod toward raising interest rates in July.

The European Central Bank kept its key interest rate at 1.25 percent. The Bank of England left its main interest rate unchanged at 0.50 percent, a record low.

Golden Star Resources closed Thursday at $2.51, gaining $0.13, or 5.46 percent. Yamana Gold ended the day at $11.90, up $0.14, or 1.19 percent. Allied Nevada Gold closed at $31.62, jumping $0.09, or 0.29 percent. Gammon Gold ended the session at $9.51, climbing $0.54, or 6.02 percent. Randgold closed at $80.08, rising $3.04, or 3.95 percent. Harmony Gold Mining closed at $13.21, increasing $13.21, up $0.24, or 1.85 percent.

Yamana Gold (AUY) Trades Higher on Economic Weakness

Yamana Gold (NYSE:AUY) was able to close in positive territory on Thursday even as gold prices closed down on the day.

Gold for June delivery, closed down $3.40, or 0.2 percent, at $1,492.40 a troy ounce on the Comex division of the New York Mercantile Exchange.

Silver prices ended the session down. July delivery for silver fell 16.5 cents, or 0.5 percent, to $34.932 a troy ounce.

The ICE Futures' dollar index was down 0.5 percent at 75.106. The U.S. dollar was down against most of its major peers at the end of trading Thursday.

Extremely bad news on Obama's economy pressured the commodity sector.

July contracts had copper falling 5.25 cents to settle at $4.0525 a pound and platinum dropped $10.90 to $1,769 an ounce. June palladium settled down $9.05 at $728.15 an ounce.

Housing sales and manufacturing data revealed an ongoing weak and fragile American economy.

Yamana Gold Inc. is a gold producer operating primarily in South America and Mexico. The miner also is involved with exploring for silver and copper. Operational mines include the Chapada, Jacobina, and Fazenda Brasileiro mines in Brazil; the El Penon and Minera Florida mines in Chile; and the Gualcamayo mine in Argentina.

Yamana Gold (AUY) closed Thursday at $12.28, gaining $0.25, or 2.08 percent.

Miners (NG) (UXG) (AUY) (SA) Trade Up

Shares of NovaGold Resources Inc. (AMEX:NG), US Gold (AMEX:UXG), Yamana Gold (NYSE:AUY) and Seabridge Gold (Amex:SA) all traded up on Wednesday as gold and silver prices climbed on the day.

Jaguar Mining soared on an earnings beat, closing up over 23 percent on the day.

June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.

The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.

A weaker dollar was the major catalyst for gold and silver specifically, and commodities in general on Wednesday.

Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.

Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.

The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.

Seabridge Gold (SA) closed Wednesday at $28.81, gaining $0.36, or 1.27 percent.

Miners (KGC) (AU) (EGO) (GFI) (AUY) All Close Up Tuesday

Shares of Kinross Gold Corp (NYSE:KGC), AngloGold Ashanti (NYSE:AU), Eldorado Gold Corporation (NYSE:EGO), Gold Fields (NYSE:GFI) and Yamana Gold (NYSE:AUY) went against the grain 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.

Eldorado Gold Corporation (EGO) closed Tuesday at $15.45, gaining $0.40, or 2.66 percent.

Yamana Gold (AUY) Crunched Along with Gold Prices

Yamana Gold (NYSE:AUY), along with most other gold miners, fell again in Wednesday trading, as gold price came under pressure in the ongoing volatile market conditions.

Gold for June delivery dropped $15.50 to settle at $1,501.40 at the Comex division of the New York Mercantile Exchange. The gold price Wednesday traded as high as $1,526.80 and as low as $1,495.40.

Gold lost 1 percent overall and silver plunged close to 8 percent on a broad commodity sell-off, as the U.S. dollar index climbed over 1 percent to $75.41, as the euro was weakened by the seemingly endless sovereign debt crisis in Europe that isn't going away.

Gold and silver also garnered no support from rising inflation data. China said prices dropped to 5.3 percent in April from 5.4 percent in March, but that number was higher than the 5.2 percent looked for.

The Bank of England said that inflation could hit 5 percent in 2011.

Silver prices dropped almost $3 to close at $35.51 an ounce.

Yamana Gold Inc. participates in gold and other precious metals mining and related activities, including exploration, extraction, processing, and reclamation.

Yamana Gold (AUY) closed Wednesday at $11.84, falling $0.05, or 0.42 percent.

NovaGold (NG) (AUY) (HMY) (AEM) Trade Mixed Monday

Shares of NovaGold Resources Inc. (AMEX:NG), Yamana Gold (NYSE:AUY), Harmony Gold Mining (NYSE:HMY) and Agnico-Eagle (NYSE:AEM) traded mixed Monday as gold and silver prices were down slightly on the trading day.

Gold for June delivery shed $3 to close at $1,490.60 at the Comex division of the New York Mercantile Exchange. The gold price Monday traded in a range of a low of $1,486 and a high of $1,504.30.

Silver prices ended the day down 88 cents to close at $34.13 an ounce.

The U.S. dollar index fell 0.43 percent to $75.38.

The euro strengthened as Monday trading went on, putting pressure on the U.S. dollar.

Yamana Gold (AUY) closed at $11.89, gaining $0.09, or 0.76 percent.

Kinross (KGC) (AUY) (NXG) (AEM) (PZG) Trade Down As Gold Drops

Gold and silver prices went through a reversal Friday as gold closed down and silver rebounded to close higher, putting pressure on gold miners such as Kinross Gold Corp (NYSE:KGC), Yamana Gold (NYSE:AUY), Northgate Minerals (AMEX:NXG), Agnico-Eagle (NYSE:AEM) and Paramount Gold and Silver (AMEX:PZG) - which closed down - and gold ETFS.

Gold for June delivery fell $13.10 to close at $1,493.60 at the Comex division of the New York Mercantile Exchange. The spot gold price was down by about $13 an ounce. Silver prices settled up 21 cents to $35.01 an ounce.

The U.S. dollar index was up 0.74 percent to $75.75 as the euro continued to get hammered on the sovereign debt crises in Europe. The euro plunged 1.7 percent last week as Greece was again in the spotlight for the need to probably be bailed out again, as it appears the country refuses to implement austerity measures to deal with the situation, as it, along with numerous countries, has made progressive, socialists promises they aren't able to keep.

Besides the long-term collapse of the U.S. dollar and the European sovereign debt crises, other factors offering support to gold include tightening in China, inflation, and unrest in the middle east.

Yamana closed Friday at $11.80, down $0.18, or 1.50 percent.

Yamana (AUY) Boosts Dividend 50 Percent

Yamana Gold, Inc. (AUY) rewarded shareholders with another nice quarterly dividend increase, declaring a dividend of $0.045 a share,, a 50 percent boost over what it paid prior to the declaration.

Since the beginning of 2010, Yamana has now raised its dividend four times to raise it by 350 percent during that period of time.

Gold miners have increasingly increased dividends to attract a broader base of shareholder to the company.

Along with gold, the company also mines for copper and silver.

Even though gold prices rose on Tuesday, Yamana didn't participate in the move, as it closed at $11.89, falling $0.05, or 0.42 percent.

Miners (AEM) (IAG) (NG) (AUY) (GFI) Trade Mixed as Gold Jumps Again

Shares of gold miners Agnico-Eagle (NYSE:AEM), IAMGOLD Corporation (NYSE:IAG), NovaGold Resources Inc. (AMEX:NG), Yamana Gold (NYSE:AUY) and Gold Fields (NYSE:GFI) closed mixed as gold prices continue to rebound.

Gold for June delivery added $13.70, or 0.9%, to $1,516.90 an ounce on the Comex division of the New York Mercantile Exchange.

Silver also extended its rebound, with the July contract gaining $1.37, or 3.7%, to $38.47 an ounce.

Separately, HSBC Global Research boosted its average price estimate for gold, silver and platinum.

HSBC raised its gold price projection to $1,525 an ounce from $1,450 an ounce this year, and to $1,500 from $1,300 for 2012.

For silver, the bank sees it averaging $34 in 2011, up from a previous estimate of $26, and $29 from $20 in 2012.

Platinum is seen closing 2011 at $1,850 from $1,750, according to HSBC, and ending 2012 at $1,750 from $1,650.

For palladium, HSBC sees it averaging $825, from $750, in 2011, and $750 from $650 in 2012.

Yamana Gold (AUY) closed at $11.89, down $0.05, or 0.42 percent.

Miners (AUY) (GRS) (MGH) (BVN) (KGC) Trade Up as Gold, Silver Rebound

Gold miners Yamana Gold (NYSE:AUY), Gammon Gold (NYSE:GRS), Minco Gold Corporation (AMEX:MGH), Compania Mina Buenaventura, S.A (NYSE:BVN) and Kinross Gold Corp (NYSE:KGC) closed up Monday as gold prices turned around on Monday.

Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.

Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.

According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).

The U.S. dollar fell to $1.434 against the euro and dropped against the Japanese yen to 80.24 yen.

Yamana Gold (NYSE:AUY) closed Monday at $11.94, gaining $0.14, or 1.19 percent.