Bulls Stampede Into Gold Miners
May 12, 2010 by goldguru · Leave a Comment
optionMONSTER submits:
by David Russell
The bulls are still digging for gold.
Call activity is surging in producers such as Barrick Gold (ABX), Newmont Mining (NEM), Yamana Gold (AUY), and Goldcorp (GG), which finished yesterday’s session up between 4 percent and 7 percent. In ABX and AUY call volume is more than twice the normal level, while it’s three times the average for GG.
The bullish trading occurs as the stocks push to their highest levels since early December, which resulted from a big rally in bullion prices after the Greek debt crisis sent investors fleeing the euro.
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