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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

6/26/13

Newmont Mining Corporation (NEM)

Newmont Mining looks like fool's gold today, down 5.91% at $27.22. The gold mining company saw its shares fall as gold prices continued their downward skid. Gold fell $45.30 an ounce today for two reasons, one the dollar showed gains, two investors fear the Fed will cut its stimulus. David White, financial trader at SpreadEx said, "A combination of dollar strength, economic progress and a re-rating to the market's expectations of central-bank asset purchases are crushing prices." Newmont Mining shares fell to a new 52-week low of $27.07 intraday.

Cheniere Energy Partners LP (CQP)

Cheniere Energy is getting the "Cramer Bounce" today, up 9.97% at $28.13. The liquid natural gas company saw its shares rally after CNBC's Jim Cramer said that he feel's Cheniere Energy is a buy right now. Cramer stated that the natural gas boom in the United States has huge potential and Cheniere is a good company to use to bet on a natural gas rally. The company is trading near the top of its 52-week range of $17.59-$31.25.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.