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The market wasn’t supposed to have a good day following a disappointing jobs report but after a loss of nearly 150 points on the Dow, the market rebounded. The Dow Jones Industrial Average ended the day only 31.50 points lower. The S&P was down 6.13 points to close at 2099.13.

But the big winners today were gold miner stocks—a sector that has consistently disappointed investors. Today was an exception, thanks to the lackluster jobs report, these stocks had their best day in 7 ½ years.

The Winners

Kinross Gold Corporation (NYSE:KGCB)was up 14.78%, closing at $4.97. The stock had fallen below its 50-day moving average making investors nervous.

AngloGold Ashanti (NYSE:AUC) ended the day 14.07% higher finishing the day at $15.89. Today’s move launched the stock well above its 50 and 20-day moving average. In May, Citigroup downgraded the stock from neutral to sell.

Yamana Gold (NYSE:AUYB) closed at $4.80—up 14.01%. The stock recently retreated from a double top pattern and tested it’s 50-day moving average.

Gold Fields (NYSE:GFIC) rocketed up 13.17% to close at $4.21. The stock has traded in a well-defined range since February. After breaking through key resistance levels, the stock rebounded to test its 50-day moving average.

Barrick Gold Corporation (NYSE:ABXC) was up 13.09% today closing at $19.18. The stock also formed a double top that caused it to retreat. Today’s move moved it back up to double top levels.

Agnico Eagle Mines ((NYSE:AEMC) saw an impressive 11.17% move to the upside, closing at $50.16. Today’s move catapulted the stock to a fresh 52-week high.

Not Just Gold

The move wasn’t limited to Gold. Metals stocks like Vale S.A. (NYSE:VALEC) and Tahoe Resources (NYSE:TAHOC) saw double digit gains.

Pan American Silver (NYSE:PAAC) closed up nearly 9% at $15.49 with more than 1 million shares traded above its average.



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