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Alex Colcernian
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I invest, trade, and write about opportunities. I invest with a long term horizon, and trade for short term gains; please be sure you know whether my article is about an investment, or a trade. Formally educated in Finance and Computer Information Systems. Entrepreneurial, and always learning.... More
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  • This Week, All That Glimmered, Was Gold 0 comments
    Aug 16, 2013 5:44 PM | about stocks: ABX, NEM, GDX, GDXJ

    Gold had one of its best weeks since a major move downward as the fed taper worries ramped up, and US economic data was mixed. The spot price in terms of USD for gold saw a low of 1,313.96 and a high of 1,370.13 before closing at 1,366.18/oz. With gold miners at levels not seen since the early 2000's, it may be time to see if you can dig up some opportunity in the sector.

     

    Monday Open

    Friday Close

    Week Gain

    GDX

    27.66

    29.81

    7.78%

    GDXJ

    44.03

    48.85

    10.95%

    NUGT

    7.61

    9.27

    21.81%

    DUST

    64.60

    48.60

    (24.77%)

    ABX

    18.14

    19.33

    6.56%

    NEM

    30.50

    32.33

    6%

    IAG

    5.32

    6.31

    18.61%

    Disclosure: I am long ABX.

    Themes: Gold Stocks: ABX, NEM, GDX, GDXJ
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