These Gold Mining Stocks Are Getting Crushed Today

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 […]

About the author: StockMan

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