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Tag Archives: gold mining

Golden Alarm Bells

The gold market is giving Alan Greenspan a run for his (depreciated) money. Bullion soared to $455 an ounce in New York today, just shy of a 17-year peak. With the surge of buying we’ve seen lately from Asia (especially India), I certainly can’t rule out the possibility that the Midas metal will scale even greater heights in the days ahead.

All's Well With Gold

Gold and gold-mining shares are taking a breather today. So it’s a good time for us to review how our trade is faring in Newmont Mining (NYSE: NEM). Three weeks ago, we bought NEM (per a posting in this space) at $40.60. Today, the stock is changing hands around $44, after briefly spiking above $45 yesterday. We’ve got a paper gain of about 8%.

All’s Well With Gold

Gold and gold-mining shares are taking a breather today. So it’s a good time for us to review how our trade is faring in Newmont Mining (NYSE: NEM). Three weeks ago, we bought NEM (per a posting in this space) at $40.60. Today, the stock is changing hands around $44, after briefly spiking above $45 yesterday. We’ve got a paper gain of about 8%.