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Tuesday, November 9, 2010

Gold Stocks Glitter: ABX, ELD, EGO, AEM, GG, GLD

Gold stocks rallied hard today as the shiny metal broke through the $1400 mark. Barrick Gold (NYSE: ABX) moved up 4.06% to close at $51.21. Agnico-eagle Mines (NYSE: AEM) jumped 3.21% to close at $82.51, hitting a 52-week high. The popular Eldorado Gold Corp (NYSE: EGO) rose to $18.94 while Goldcorp Inc (NYSE: GG) ended 2.99% higher to close at $47.61.

Gold has been on an absolute tear lately. The SPDR Gold Trust (NYSE: GLD) which tracks the price of gold, has risen almost 17% in the past 3 months.

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