ABX (Barrick Gold) earnings 29 cents, 4 cents better than estimates. Stock trades higher Thursday after hours, then slumps this morning. Industrial resource stocks such as X (U. S. Steel), POT (Potash) are leaders this morning. PAAS (Pan Amer Silver) earnings out and stock drifts lower. SIL (Apex Silver Mines) continues its unexplained climb, adding another 2% this morning to get over 20. The classic explanation is more buyers than sellers, but little else is out there to explain a 25% climb in less than a week (3-month-chart).
Waterfall decline in Sherwin Williams SHW (3-month-chart) on lawsuits over lead paint. Stocks moving like this are usually high risk, and generally too fast for position traders.
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