8:40 AM Golden Minerals (AUMN) -15.9% premarket after announcing an underwriting agreement to sell nearly 5.5M units at $5.75 each. Net proceeds will be used to continue further development and expansion of its Velardena Operations in Mexico, and for working capital and other general corporate purposes.
8:29 AM Tacking on $2 since the Fed's QE announcement, WTI crude is back in triple digits and hopes from 10 weeks ago of gasoline below $3 gallon give way to worries of the price popping through $4. What Fed stimulus gives on one hand, it takes away with another (good luck getting them to admit it!). USO +1.6% premarket
8:29 AM Rio Tinto (RIO) is pushing ahead with expansion of its mineral sands operations, holding to plans to invest C$800M over five years to extend the life of its Lac Tio ilmenite mine in Quebec and overhaul a titanium dioxide smelter in the Canadian province. RIO +4.2% premarket.
7:44 AM Gold bugs hoping to wake up to $1,800/oz. will be disappointed as the metal fails to follow through thus far on its big Fed-induced rally. At $1,772, gold is about unchanged on the session and remains right at its 2012 high.
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