Market contagion finally hits the miners.
August 5th, 2011 at 6:11 pm | In: Mining Sub-Sectors
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Thursday was a sea of red across the board, as long trades were being unwound in every sector, resources not excepted. Our benchmark Mining Almanac Index of larger producers was down 6% for the day, compared to 5% for major indices like the Dow and S&P500. Sub-sector losses ranged from 4% in rare earths and zinc to 10% in heavy metals stocks. Gold producers declined 5%, which was a decent performance, all things considered.
On days like this, it’s interesting to check the movers page to see which stocks bucked the trend and managed to actually go up a lot. Here’s the top of that list:


