Gold Prices are Unfortunate Beneficiary of Orlando Shooting ISIS Terrorist Attack

It’s unfortunate but true that gold prices are likely to be supported by the horrendous mass murder that occurred in Orlando, Florida over the weekend. Gold benefits when America or the U.S. dollar is threatened, and while it has yet to be determined, the attack appears it could be an act of terrorism or inspired by terrorists. Uncertainty and fear will likely provide a stronger floor under gold over the short-term. Also, the U.S. Federal Reserve is less likely to act on interest rates if financial markets are significantly disrupted by relative uncertainty, and that serves as a weight against the dollar and is uplifting to gold near-term as well. The duration of this impact may be short-lived, but it is substantial near-term nonetheless. See the whole story at Unfortunate Gold.

Precious Metal Securities	06-13-16 Premarket
SPDR Gold Trust (NYSE: GLD)	+0.8%
iShares Gold Trust (NYSE: IAU)	+0.7%
iShares Silver Trust (NYSE: SLV)	-0.2%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	+5.8%
Direxion Daily Gold Miners Bearish 3X (NYSE: DUST)	-5.5%
Market Vectors Gold Miners (NYSE: GDX)	+1.9%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	+2.2%
Goldcorp (NYSE: GG)	+2.2%
Newmont Mining (NYSE: NEM)	+2.3%
Randgold Resources (Nasdaq: GOLD)	+0.5%
Barrick Resources (NYSE: ABX)	+2.7%
Yamana Gold (NYSE: AUY)	+3.2%
Gold Fields Ltd. (NYSE: GFI)	+1.4%
Silver Wheaton (NYSE: SLW)	+1.8%
Coeur Mining (NYSE: CDE)	+1.6%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).