These Gold Mining Stocks Are Getting Crushed Today

What happened

In a brutal day for most stocks, gold and precious metals mining stocks are getting hit particularly hard. The following group of precious metals miners in particular are seeing their stocks fall sharply: Stock Name Silvercorp Metals (NYSEMKT: SVM) (11.8%) So what

At this writing, the S&P 500 ( SNPINDEX:^GSPC ) is down more than 3% and every sector of stocks is down. Gold prices are down almost 2%, crude oil prices have plummeted more than 5%, and investors are moving aggressively out of equities and speculative investments today. The likely reason is the spiking cases of COVID-19 in the U.S. and abroad, as we head into the U.S. election next week and elected officials put off any fiscal stimulus until after the election. Image source: Getty Images. Simply put, investors tend to react to fear and greed, and right now fear has its hands solidly on […]

Click here to view original web page at www.fool.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.