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COMMODITIES CRASH: Miners Take a Beating as Chinese Growth Data Disappoints; Commodities Slump

Mining stocks are taking a bit hit following China's disappointing Q1 GDP Data, with gold and silver miners taking an extra beating following the precipitous drop in those metals prices.

Big losers this morning include the larger, diversified miners such as Rio Tinto ( RIO ) down 4.3%; and BHP Billiton ( BHP ), down 3.27%.

Gold and silver miners: Barrick Gold (ABX, ABX.TO), AngloGold ( AU ), IAMGold ( IAG ), Gold Fields ( GFI ), Goldcorp (GG), Kinross (KGC), Seabridge Gold (SA, SEA.TO), and Newmont Mining (NEM).

While the world's largest copper producer (who is also a major gold producer thanks to its ownership of major copper-gold porphyry deposits) is also seeing its stock slide. Freeport-McMoRan Copper & Gold (FCX) is down 2.85%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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