Friday, September 30, 2011

Gold Stocks Pare Gains, GDX Drops 12.4% in September

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DG365FD46564GFH654FU898 GOLD STOCKS NEWS – Gold stocks pared their gains Friday afternoon, as the Market Vectors Gold Miners ETF (GDX) settled higher by just $0.16, or 0.3% at $55.19 per share. The GDX – comprised of many of the world’s largest gold stocks – had been as high as $56.58 this morning, but relinquished the large majority of its rally as the broader equity markets tumbled. The Dow Jones Industrial Average ( DJIA ) extended its losses this afternoon, finishing lower by 240.60 points, or 2.2%, at 10,913.38.



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