Some Asian gold miners, ETFs hit record highs

Shares of Hong Kong-listed Zhaojin Mining Industry Co. (ZHAOF 3.14, +0.09, +2.95%) (HK:1818 25.85, +0.75, +2.99%) and Sydney-traded Newcrest Mining Ltd.(NCMGY 41.14, +1.04, +2.59%) (AU:NCM 42.01, +1.41, +3.47%) surged to record-high levels Wednesday, as did the Hong Kong- and Singapore-listed shares of SPDR Gold Trust ETF (GLD 131.65, +0.66, +0.51%).

The rise in Zhaojin shares came even as Morgan Stanley downgraded the stock to equal-weight, citing their strong out-performance recently.

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If my prediction comes true, it probably won't even be big news amongst the other crap.