Why Newmont Corporation Stock Crashed Today

Key Points Silver prices hit an all-time high last night. Both silver and gold sold off this morning, with silver losing about twice as much value as gold. 10 stocks we like better than Newmont › Newmont Mining (NYSE: NEM) stock tumbled 6.9% through 10:35 a.m. ET Monday on a big reversal of the precious metals trade. Silver hit an all-time high north of 80anounceovernight,butdroppeddramaticallythismorningastraderstookprofits,fallingaslowas80 an ounce overnight, but dropped dramatically this morning as traders took profits, falling as low as 70.25 per ounce. At last report, silver p ...