Mining Stocks


mining stocks

Much of the Earth’s wealth is buried beneath the surface. Gold, silver, oil, and many other resources are only accessed through mining, causing the mining industry to be extremely lucrative. As commodities, especially the metals, grow in value, mining companies are poised for substantial growth. A couple of the more promising mining stocks include Newmont Mining (NYSE:NEM) and Rio Tinto (NYSE:RIO). Invest in mining stocks and you too may strike gold.

Gold Rallies After Drop in Jobs Data

Gold closed back over $1,700 an ounce on Friday as investors set aside good news on U.S. employment and focused on next week's Federal Reserve meeting.

Freeport-McMoRan Deal: Not So Fast!

Don't call Freeport-McMoRan's buyout of McMoRan Exploration and Plains Exploration & Production a done deal yet. The lawyers might have something to say.

Gold Rises on ECB Comments

Gold rose modestly in Thursday trading as investors awaited tomorrow's U.S. payroll report and comments from the ECB prompted hope for new interest rate cuts.

Gold Dips on Lowered Goldman Price Target

Gold moved lower in Wednesday trading after Goldman Sachs cut its twelve-month price target for the metal to $1,800 an ounce.

Freeport-McMoRan a Buy After the Megadeal

An overly pessimistic Wall Street just turned Freeport McMoRan into a screaming bargain buy following its buyouts of MMR and PXP.

Gold Retreats on U.S. Fiscal Impasse

Gold fell in Tuesday trading as investors saw hardening positions on both sides of U.S. budget talks and dwindling chances of avoiding the fiscal cliff.

Gold Rises as the U.S. Dollar Falls

Gold rose and the dollar fell in Monday trading as investors worried about the approaching U.S. fiscal cliff and good news emerged about Greek debt.

Gold Posts Second Straight Monthly Decline

Gold fell about 1% on Friday, leading to the metal's second consecutive monthly loss thanks to continued uncertainty over the looming fiscal cliff.

Gold Gains on Stalled Fiscal Cliff Talks

Gold rose in Thursday trading as the U.S. dollar declined against other currencies and negotiations in Washington to avert the fiscal cliff seemed to stall.

Gold Drops on Deflation Concerns, Flood of Stop-Loss Orders

Gold dropped in Wednesday trading as concerns over deflation in the U.S. and Europe resulted in a wave of stop-loss orders from fund investors.

Rising U.S. Fiscal Cliff Fears Send Gold Lower

Gold fell on Tuesday after concerns grew that the U.S. might be unable to broker a deal between Democrats and Republicans to head off the U.S. fiscal cliff.

Gold Retreats as Greek Debt Talks Resume

Gold slipped in Monday trading as investor attention turned back to European talks over the latest Greek bailout.

Gold Slips on Middle East, Bernanke Remarks

Gold sank in Tuesday trading as investors digested Fed Chairman Ben Bernanke's remarks on the fiscal cliff and the prospect of a truce between Israel and Hamas.

Gold Rises on Global Economic Optimism

Gold recovered on Monday as investors gained confidence that the U.S. would avoid the so-called fiscal cliff and that Greek debt talks would succeed.

Gold Cools on Bernanke Housing Remarks

Gold closed out the week down about 1% after remarks from the Federal Reserve dampened enthusiasm about a U.S. housing market recovery.

Global Economic Worries Send Gold Lower

Gold prices fell on Thursday as investors worried over a convergence of weakening Chinese demand for the metal, a recession in Europe and the U.S. fiscal cliff.

Gold Recovers on Weaker U.S. Economic Data

December gold futures closed back over $1,730 per ounce as investors considered weak U.S. retail sales, Middle East violence and Greek bailout delays.

Gold Falls on Greece’s Debt Woes

Bickering over how to restructure Greek debt weakened optimism for a successful resolution to Europe's debt crisis, sending gold lower on Tuesday.

Gold Stationary as Fiscal Cliff Looms

Gold closed unchanged on Monday as investors mulled the looming U.S. fiscal cliff, European debt talks and the prospect of new stimulus in Japan.