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Gold miners are outpacing market gains after the morning's unusual call-option activity in...

  • Tuesday, June 28, 2011, 1:31 PM ET
    Gold miners are outpacing market gains after the morning's unusual call-option activity in several of them, occurring close enough together to look like the work of a large investor or two. Gold Fields Limited (GFI) +3%; AngloGold Ashanti (AU) +2.9%; Barrick Gold (ABX) +1.5%. But Agnico-Eagle (AEM) down 4.3%. Gold futures +0.25% to $1,500 even.
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This news story has 2 comments:

  •  
    $AEM filed a $500 million prospectus a few weeks ago looking to place a combination of stock, warrants, and bonds. This may be a followup.
    28 Jun 2011, 02:15 PM Reply Like
  •  
    As for GFI and AU, not sure of the bump as South African miners have some significant risks related to nationalization rumors and high costs.
    28 Jun 2011, 02:17 PM Reply Like
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