Gold and Silver Surge on Election Day Tuesday

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By Eric McWhinnie | November 7, 2012 9:08 AM EST

Wall St. Cheat Sheet

On Tuesday, gold (

In afternoon trading, the SPDR Gold Trust (NYSEARCA:GLD) gained 1.70 percent, while the iShares Silver Trust (NYSEARCA:SLV) jumped 2.60 percent. Gold miners (NYSEARCA:GDX) such as Yamana Gold (NYSE:AUY) and Goldcorp (NYSE:GG) increased 3.50 percent and 1.50 percent, respectively. Silver names such as First Majestic Silver (NYSE:AG) and Silver Wheaton (NYSE:SLW) both climbed more than 1 percent higher.

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Disclosure: Long EXK, AG, HL, PHYS

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The article was first published by Wall St. Cheat Sheet and does not represent the views or opinions of International Business Times.

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