17.09.2013 - Gold miners hit by ETF moves
Four miners has been expected to be picked up by a $6.4bn tracker fund. The conspicuous falls suffered by a clutch of precious metals miners today served to highlight the influence exchange-traded funds wield on the London stock market. Silver and gold producer Fresnillo recorded the biggest drop in the FTSE 100 and slid 153p, or 12.8pc, to £10.45. In the FTSE 250, Hochschild Mining lost 38.6 to 237.4p, a 14pc fall; African Barrick Gold declined 20.3 to 143.9p and Polymetal International cheapened 50 to 659½p...............................................Full Article: Source
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