real-time news and commentary for investors
Tuesday, Aug 6
Gold miners tumble as gold slips below $1,300
- GDX -3.2% in early trade as gold (GLD -1.4%) again slides well below $1,300 per ounce.
- Allied Nevada Gold (a 0.75% holding of GDX) tumbles 15% as it suspends construction of its Hycraft Mill.
- A favorite playground of the gold miner bears roars back into favor, DUST] +10.5%.
- Other gold-miner ETFs: GDXJ, GLDX, PSAU, NUGT, GGGG, RING.