We've Struck Gold

Gold

Gold, gold and more gold!  It appears that some people are running to the hills as fear of a market downturn enters and the fact that it is September, generally classified as the worst month for stocks.  It seems these people are running for gold!  Shares of Yamana Gold Inc. (USA) (NYSE:AUY) jumped today close to +13% on just over 4X average daily volume.  Hot on that stock’s heels were Gold Fields Limited (ADR) (NYSE:GFI) up +11% on close to 4X average daily volume and IAMGOLD Corporation (USA) (NYSE:IAG) also up +11% at just under 4X average daily volume.  It seems many investors may just be packing it for September and heading for gold.

AUY-Chart

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