This blog has had an identity crisis before.
There was another one last week: why do I invest in a fund rather than an ETF when it comes to gold mining companies? I only asked myself this question after seeing a piece on gold miner ETFs in Moneyweek - the inconsistency hadn't occurred to me before!
Showing posts with label gold stocks. Show all posts
Showing posts with label gold stocks. Show all posts
Tuesday, 19 June 2012
Sunday, 3 June 2012
Very odd price crashes for gold stocks on Friday on London Stock Exchange
 |
| Prices drop in final trades |
Despite Friday's massive rises for precious metals the shares of a number of gold and silver miners trading on the London Stock Exchange saw their closing prices drop sharply.
Fresnillo (FRES) shares closed down more than 4% after a one-off trade. Randgold Resources (RRS) and African Barrick Gold (ABG) also saw their prices plunge from daily highs.
This may be normal after a volatile day but it still looks odd. These kinds of moves have been noted on this blog before (here and here) showing that the share price of Fresnillo tends to jump at the end of trading days.
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