More sentiment shift on gold miners

|By:, SA News Editor

Also boosting the gold miners (see Klarman earlier) is Credit Suisse upping its price target on Barrick Gold (ABX +5.1%) by 10% to $22 per share, saying the company "is moving in the right direction." Goodhaven Fund - a highly concentrated, low-turnover mutual fund which earlier made the case for Barrick - disclosed a tripling of its position during Q2.

Newmont Mining (NEM +5.5%), Goldcorp (GG +4%), Vista Gold (VGZ +7.1%).

The Materials Select SPDR (XLB) is the best-performing sector today.

Related ETFs: FXZ, IYM, PYZ, VAW, RTM, PSCM, UYM, SMN, SBM.

Gold miners: GDX, GDXJ, GLDX, PSAU, NUGT, DUST, GGGG, RING.