Gold Bugs Celebrate Again

Stock quotes in this article: GLD , IAU , ABX , NEM , HL , KGC  

Still, even he says the price will be magnetically drawn higher until the records are firmly broken, although following that there may be a sharp pullback, he says.

The Amex Gold Bugs Index, which tracks a basket of miners such as Barrick Gold(ABX Quote) and Kinross Gold(KGC Quote), gave up early gains and closed down 1.8%.

Barrick, Kinross, Hecla Mining (HL Quote) and Newmont Mining (NEM Quote) all fell.

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,406.96 1,109.30 2,197.85 33.31
Oil *
78.75
UP
136.49
UP
15.82
UP
29.97
DOWN
0.98
10 Yr
3.33%
SPDR Gold
111.63
+1.33%
+1.45%
+1.38%
-2.86%
Data delayed 20 minutes

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