South Africa Gold Stocks Drop
Bloomberg reported that mining stocks in South Africa fell as gold entered a bear market.
Bloomberg reported that mining stocks in South Africa fell as gold entered a bear market.
Reuters reported that gold miners were leading a recovery in the TSX.
Bloomberg reported that the Paulson Gold Fund was down by 13%.
Bloomberg reported that Polyus Gold (LSE:POLG) shares rose to a one-month high on higher gold prices.
Business Insider reported that Warren Buffett still maintains that stocks are a better investment than gold.
Bloomberg reported that gold miners in South Africa are posting gains as the value of rand sinks.
Bloomberg reported that shares of Hummingbird Resources (LSE:HUM) were up on the company's announcement of a doubling of resources.
Bloomberg reported that shares of Highland Gold (LSE:HGM) fell because the company produced less gold than expected in 2011.
Financial Post reported that some analysts are cutting their price targets for Kinross Gold (NYSE:KGC) on new of project delays.
Financial Post reported that there are many challenges ahead for gold miners despite strong prices.
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