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U.S. equities have slipped to their lowest levels of the day with the Dow trading down 1.5% to lead the major averages lower.
Gold miners are one of the few positives today, responding to the yellow metal's move above $1550 per ounce. Despite the underlying strength in gold some of the large cap gold miners such as Barrick Gold (ABX 47.68, -0.08) and Newmont Mining (NEM 56.11, -0.46) have recently slipped into negative territory. However, smaller miners such as Agnico-Eagle Mines (AEM 65.02, +0.32) and Kinross Gold (KGC 15.86, +0.14) continue to hold modest gains.
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