Gold Stocks and ETF's to Watch as Gold Prices Rise; ($PGLC), ($GDX), ($ABX), ($NEM)
Gold Stocks and ETF's to Watch as Gold Prices Rise
Investorideas.com, a global news source covering leading sectors including mining stocks issues a sector snapshot for gold stocks and ETF's for the close of Friday, July 14th. Gold stocks and ETF's got a boost on Friday as gold prices hit their highest finish for July and saw the first weekly rise since early June.Gold moved following the release of weak U.S. inflation and retail sales data.
GDX) closed Friday at 21.83 up 0.33 (1.53%). Juniors got a bump as well and the VanEck Vectors Junior Gold Miners ETF (GDXJ) closed at 32.38, up 0.49 (1.54%). The SPDR Gold Shares (GLD) also realized gains for the day closing at 116.79, up 0.97 (0.84%).
Pershing Gold is an emerging gold producer whose primary asset is the Relief Canyon Mine in Pershing County, Nevada. Relief Canyon includes three historic open-pit mines and a state-of-the-art, fully permitted and constructed heap-leach processing facility. Pershing Gold is currently permitted to resume mining at Relief Canyon under the existing Plan of Operations.
Pershing Gold's landholdings cover approximately 25,000 acres that include the Relief Canyon Mine asset and lands surrounding the mine in all directions. This land package provides Pershing Gold with the opportunity to expand the Relief Canyon Mine deposit and to explore and make new discoveries on nearby lands.
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For more information: investorideas.com/news/2017/mining
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