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 659p...............................................Full Article: Source
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