Day: January 18, 2011

Posted by mr.moneymaker on Jan 18, 2011

SILVER STOCKS NEWS – Silver stocks advanced Tuesday, as the Global X Silver Miners ETF (SIL) climbed $0.48 to $23.75 per share. Today’s rally in silver stocks came as gold’s sister precious metal rose $0.57 to $28.89 per ounce amid a 0.5% drop in the U.S. Dollar Index to 79.03. Silver stocks have come under pressure in recent weeks as the price of silver has tumbled 7.6% from its 30-year high of $31.275, reached on January 3, 2010.

Tantalum, graphite, iron ore, moly, manganese

I have to admire los (and las) cojones some market technicians and economists have for forecasting broad shifts.

Shares of Yamana Gold (NYSE: AUY) saw unusually high trading volume on Tuesday. Approximately 743,402 shares changed hands during mid-day trading, an increase of -92.97% from the previous session. The stock last traded at $11.69.

Shares of Endeavour Silver Corporation (NYSE: EXK) saw unusually high trading volume on Tuesday. Approximately 166,438 shares changed hands during mid-day trading, an increase of -93.42% from the previous session. The stock last traded at $6.38.

Shares of Pan American Silver Corp (NASDAQ: PAAS) saw unusually high trading volume on Tuesday. Approximately 237,760 shares changed hands during mid-day trading, an increase of -93.17% from the previous session. The stock last traded at $36.45.

Shares of Mag Silver Corp (NYSE: MVG) saw unusually high trading volume on Tuesday. Approximately 342,200 shares changed hands during mid-day trading, an increase of 112.24% from the previous session. The stock last traded at $10.28.

Southern Copper (SCCO – Snapshot Report) is worth its weight in copper, fresh off a new all-time high above $50 as copper prices continue to surge.

Shares of Goldcorp Inc. (NYSE: GG) saw unusually high trading volume on Tuesday. Approximately 13,034,900 shares changed hands during mid-day trading, an increase of 147.98% from the previous session. The stock last traded at $40.59.

Shares of Gold Resource Co. (NASDAQ: GORO) saw unusually high trading volume on Tuesday. Approximately 439,500 shares changed hands during mid-day trading, an increase of 122.41% from the previous session. The stock last traded at $27.30.