The sell-off followed a four-day rally of mining stocks, as traders sought to lock in gains.
Some large mining stocks resisted the downward momentum, stabilizing after several sessions of successive declines.
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With them doing that, I think it should be positive for the mining stocks.
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Swann is widely regarded on ValueForum.com as the resident expert on junior gold mining stocks.
Those numbers are even more remarkable when you consider how gold mining stocks generally have performed.
As well, the share prices of gold mining stocks have been seriously lagging the price of bullion.
Analysts and fund managers point to a number of reasons for the poor performance of gold-mining stocks.
Those wishing to invest in uranium needn't take on the extra risks of picking individual mining stocks.
Mining stocks are especially hot right now with the Metals and Mining sub-index ahead almost 18% for October.
Now the country's research analysts have a platform from which to flog penny mining stocks and moose pastures.
You might dollar average into USERX, a mutual fund that holds a diverse number of precious metals mining stocks.
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Despite this solid rise in the price of gold, the larger gold mining stocks have had difficulty keeping up.
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The fund invests mainly in mining stocks, as these normally these move greater than the price of gold itself.
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That could be about to happen now, given that the strategy would leave investors heavily exposed to mining stocks.
Some large mining stocks were higher, recovering after several sessions of successive declines.
Copper and oil prices were lower and mining stocks slumped, with the decline reinforced by disappointing manufacturing data from China.
Mining stocks made strong gains, responding favorably to an increase in commodity prices on Friday following the U.S. jobs report.
Gold mining stocks, with their ability to share profits by distributing dividends, not only preserve wealth, but also create wealth.
Holmes looks for gold-mining stocks, which collectively are down from where they were 24 months ago, to outpace gold itself.
The rising popularity of gold-bullion exchange-traded funds has taken away investment dollars that might otherwise have flowed into mining stocks.
Such investors have traditionally shunned mining stocks, but by late November the European mining sector was up 30% on the year.
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World-wide energy stocks are trading at an average of 10 times forecast earnings, and mining stocks around 12 times, according to FactSet.
Australian mining stocks advanced on the back of gains in commodity prices.
With gold still strong, some mining stocks are lagging the precious metal.
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An exchange-traded fund exists for mining stocks, too: Market Vectors Gold Miners.
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