Gold and silver stocks got clobbered on Thursday as prices of precious metals tanked. Here’s how some of the worst performers were faring as of noon EDT.
Coeur Mining (NYSE:CDE): down 13.5%. Hecla Mining (NYSE:HL): down 9%. Sibanye-Stillwater (NYSE:SBSW): down 10.2%. Endeavour Silver (NYSE:EXK): down 8.5%.
It looks like just one of those bad days for gold and silver, but here’s what you should really make of this drop.
Because precious metals, particularly gold, are considered a safe haven asset against economic uncertainties,....More>>>
Shares of entertainment conglomerate The Walt Disney Company (NYSE:DIS) closed down 4.1% in Tuesday trading after the House of Mouse disclosed a disappointing forecast for growth in its Disney+ division.
Speaking at the Goldman Sachs “Communacopia” conference today, Disney CEO Bob Chapek estimated that fiscal fourth quarter paid subscribers to Disney’s streaming service will rise by only “low single-digit millions”.
Image source: Getty Images.
Top Gold Stocks To Own For 2023: Orezone Gold Corp (ORE)
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