On the equity markets you get the sense that the European and US markets have decoupled. The EU still lacks a sustainable solution for their debt issues. Noted gold bulls like Max Keiser insists that the US is living on borrowed time. If true, then when does that time run out. If we have a stellar earnings season, the prospects for QE3 become dim unless the jobs picture deteriorate. A lot of ifs out there for gold investors and that’s why you are not seeing a massive move in either direction.
The gold spot price is currently up $15 to 1,674.90 per ounce.
The SPDR Gold Trust (ETF) (NYSE: GLD) is currently trading 0.96% higher at $162.58, the Market Vectors ETF Trust (NYSE: GDX) is currently trading 2.54% higher at $47.66, and the iShares Gold Trust (ETF) (NYSE: IAU) is currently trading 0.99% higher at $16.31.
Gold Stocks to Watch april 12 2012
Barrick Gold Corporation (NYSE:ABX) is up 2.66% this morning at $42.16. ABX has traded 1.9 million shares so far today and trades 7.9 million shares a day on average. ABX shares are up nearly $2 a share from their low of $40.50 last Thursday. The company has a market cap of 41.97 billion.
Eldorado Gold Corp. (NYSE:EGO) is up 8.17% today at $13.90. EGO is seeing heavy volume this morning with 2.2 million shares traded so far. EGO trades 3.7 million shares a day on average. Eldorado announced this morning it plans to expand gold production by about 160% over the next five years. The company has a market cap of 7.64 billion.
Kinross Gold Corporation (NYSE:KGC) is up 1.52% in early trading at $9.33. KGC has traded 1.9 million shares so far today and trades 9.9 million shares a day on average. KGC shares have whipsawed between $9.10 and $9.40 over the past week. The company has a market cap of 10.66 billion.
Yamana Gold, Inc. (NYSE:AUY) is up 2.18% today at $15.49. AUY has traded 1.7 million shares this morning and trades 7.5 million shares a day on average. AUY shares are up about $0.60 a share in the past week. The company has a market cap of 11.61 billion.
Newmont Mining Corp. (NYSE:NEM) is up 1.92% today at $48.94. NEM has tarded 1.6 million shares so far today and trades 7.2 million shares on average. NEM shares are bouncing back today after falling during yesterday’s market rally.
Jaguar Mining Inc. (NYSE:JAG) is up 5.93% this morning at $3.75. JAG is trading heavy volume today with 1.4 million shares traded. The stock trades 1.6 million shares a day on average. JAG shares are recovering some today today after the stock tumbled yesterday after being downgraded by RBC. The company has a market cap of 314 million.
Goldcorp Inc. (NYSE:GG) is up 3.20% today at $41.92. GG has traded 1.2 million shares so far today and trades 5.4 million shares a day on average. GG shares have been swinging back in forth from $42 to $40.50 over the past 5 days. The company has a market cap of 33.81 billion.
Iamgold Corp. (NYSE:IAG) is up 3.18% today at $12.67. IAG has traded 720 thousand shares so far today and trades 2.6 million shares a day on average. IAG shares have jumped about $0.60 a share in the past few days. Iamgold announced yesterday it will release its first quarter results on May 11. The company has a market cap of 4.73 billion.
AngloGold Ashanti Ltd. (NYSE:AU) is up 1.13% today at $33.97. AU has traded 677 thousand shares this morning and trades 2 million shares a day on average. AU shares are up about $1.50 from its low yesterday of around $32.50. The company has a market cap of 13.07 billion.
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