StockCall.com Provides Stock Research on IAMGOLD Corp., Gold Fields Ltd., NovaGold Resources Inc., and Jaguar Mining Inc.
New York City, New York -- (May 01, 2013)
Gold prices have rebounded after falling sharply in mid-April. The rebound has been driven by robust physical demand. However, bullion investors are expected to remain cautious ahead of Federal Reserve’s monetary policy statement on Wednesday. The Fed has been under pressure to end its bond buying program sometime this year. However, the economic environment remains uncertain, and therefore the Fed is likely to continue with its aggressive monetary easing measures for a considerable period. This should boost gold’s inflation hedge appeal. On Tuesday, gold futures settled higher. Gold stocks also rose, tracking gains in the broad market. Among the major movers were IAMGOLD Corporation (NYSE: IAG), Gold Fields Limited (NYSE: GFI), NovaGold Resources Inc. (AMEX: NG), and Jaguar Mining Inc. (NYSE: JAG). StockCall professionals have completed their technical analysis on IAG, GFI, NG, and JAG and these free reports are accessible by registering at
Shares of IAMGOLD Corporation rose sharply in trading on Tuesday. The stock ended the day 2.68% higher at $5.37 on volume of 5.59 million after trading between $5.01 and $5.37. IAMGOLD’s shares are now trading close to $5.50 resistance level. The stock is currently trading below its 50-day and 200-day moving average. However, the stock’s MACD has just crossed above the signal line which indicates that market sentiment has turned bullish on the stock. Year-to-date, shares of IAG are still down more than 53%. Sign up for the free technical research on IAG at
Another gold stock that rose sharply yesterday was Gold Fields Limited. Shares of the South Africa-based company rose 1.91% to finish the day at $7.46 on volume of 4.47 million. Despite the gains on Tuesday, Gold Fields’ shares are down more than 1.80% in the last three trading sessions. Year-to-date, the stock has fallen nearly 30% as gold prices have come under pressure. Shares of GFI are now trading more than 36.70% below their 52-week high. The stock currently faces resistance at around $7.50. Be sure to read our latest technical research on GFI by registering at
NovaGold Resources Inc.’s shares surged in Tuesday’s trading session. The stock finished the day 4.22% higher at $2.47 on volume of 2.03 million. Despite the significant gains yesterday, NovaGold’s shares are currently trading close to their 52-week low of $2.22. However, the stock’s MACD has just crossed above the signal line. This is a bullish signal. The gold miner’s shares currently face resistance at around $2.50. The stock is currently trading nearly 66% below its 52-week high. Sign up and read the complimentary report on NG at
Jaguar Mining Inc.’s shares fell sharply yesterday even as gold futures ticked higher. The stock traded between $0.41 and $0.46 before finishing the day 3.93% lower at $0.418 on above average volume of 754,118. Jaguar Mining’s shares have now fallen more than 9% in the last three trading sessions. The stock is currently trading well below its 50-day and 200-day moving averages. The gold stock’s shares currently have support at around $0.40. The stock faces resistance at around $0.50. Shares of JAG are currently trading more than 85.50% below its 52-week high. The free report on JAG can be downloaded by signing up now at
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William T. Knight
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