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Gold Stock News From the Day of July 6, 2009
Gold Stocks Improving
-According to Ms. Spencer, an adviser at Macquarie Private Wealth, gold stocks are fairing very well. With a rising gold price, increased demand in the sector is pushing gold stocks higher.
Paulson Buying Gold Stocks
-John Paulson has increased his investment in gold stocks according to a regulatory filing. Paulson bought a 15 percent slice in Market Vectors Gold Miners ETF and 2.6 percent of Gold Fields Ltd. Paulson also bought an additional 2.4 million shares of KGC.
Gold Stocks Up on Dollar Slide
-U.S. Gold stocks jumped more than 1 percent due to a weaker dollar, technical support, and economic optimism. Gold mining stocks, measured by the Gold BUGS, rose more than 5 percent on the strength of global gold and a U.S.-led rally.
Gold Stocks Aim to Solidify Gains
-Gold stocks have risen more than 5 percent across the index as of May 20. Randgold, a major gold stock in the news, led the bullish gains with more than a 7 percent gain.
Gold Stock Pattern
-Gold stocks in the news constantly face a cup-and-handle pattern. Recently, the Gold Fields company has broken from the pattern from competing gold stocks. However, Kinross Gold has not ended such a pattern and still stands like most other gold stocks in the news.