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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Ms. Baby Boomer	4/27/2013 12:26:53 PM
	2 Recommendations of 48092

Gold price jumps the most in nearly 10 months... NEW YORK Gold surged the most in 10 months Thursday after traders judged that a slump in the price of the precious metal was overdone. June gold rose $38.30 an ounce, or 2.7 percent, to $1,462 an ounce, its biggest one-day gain since June 29. Investors dumped the precious metal April 15 on concerns that the central banks of Cyprus and other southern European countries would sell their holdings of gold to help pay off debts. Gold also plunged as other commodities fell after China's economic growth slowed in the first quarter. In Bitcoin we cannot trust Is gold's price drop just the beginning? Gold ends higher after brutal week; oil rises The precious metal fell $140 that day, its biggest sell-off in 30 years. "Traders are starting to get a little bit more confident that the washout in the gold market has finally ended," said Phillip Streible, a commodities broker at RJ O'Brien.... cbsnews.com

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