Gold Stocks Top Fund Managers Are Buying And Selling

From Seeking Alpha

By Ganaxi Small Cap Movers:

The average gold stock as represented by the SPDR Gold Shares Index (GLD), was up four-fold from 2005 to its peak in early October, in tandem with the increase in the price of an ounce of gold ,from under $500 to its peak at $1,900 over the same period. However, the performance of individual gold stocks has varied over the same period, from an approximate 50% increase in the case of Freeport McMoran Copper & Gold (FCX) and Hecla Mining Co. (HL), a doubling in the case of Barrick Gold Corp. (ABX), a tripling in the case of Kinross Gold Corp. (KGC), a quadrupling in the case of Goldcorp Inc. (GG), a six-fold increase in the Yamana Gold Inc. (AUY), and finally a whopping fifteen-fold rise in the case of Silver Wheaton Corp. (SLW).

The price of gold, like in the case of many other commodities, is influenced by supply

Complete Story »

http://seekingalpha.com/article/299309-gold-stocks-top-fund-managers-are-buying-and-selling?source=feed

Sent with MobileRSS for iPhone

Sent from my iPad

GOLD target is to get back above its 50-week MA

GOLD -- 

GLD, having fallen below its 50-week MA, is subtly creeping higher. Its target is to get back above its 50-week MA at 170. It's going to be tough.

Mining Company Valuations

Mining Company Valuations as of October 10, 2011
Source: Canaccord Research