This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Gold Down; Traders Move to Stocks

Sharma also thinks the gold market is crowded and that people are too bullish, but believes in long-term higher gold prices. "For investors who have no gold right now I have one simple question for you -- what are you thinking?" Sharma says. Sharma recommends adding to a core position on price dips.

Silver prices settled 27 cents higher at $19.94 while copper closed flat at $3.50.

Silver Stocks to Buy

Most Recent Quotes from

Gold mining stocks, a risky but potentially profitable way to buy gold, were mixed. AngloGold Ashanti (AU) was up 0.18% to $43.93 while Freeport McMoRan Copper & Gold (FCX) was up 1.87% to $78.40. Other gold stocks New Gold (NGD) and Gold Fields (GFI) were trading at $6.38 and $14.62, respectively. Goldcorp (GG) announced this morning that it will buy Andean Resources, a precious metal explorer with a gold deposit in the Andes, for $3.4 billion. The project in Santa Cruz has 3.1 million ounces in gold resources and 25 million ounces of silver. Shares were trading almost more than 2% lower at $42.76.

-- Written by Alix Steel in New York.

>To follow the writer on Twitter, go to

Readers Also Like:

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $117.81 0.00%
FB $105.45 0.00%
GOOG $750.26 0.00%
TSLA $231.61 0.00%
YHOO $32.94 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs