Prices for Gold have rallied approximately 20 percent since its low of $1,180.20 an ounce in June. The Market Vectors Gold Miners ETF (NYSE: ARCA: GDX) and the Market Vectors Junior Gold Miners ETF (NYSE: ARCA: GDXJ) have posted gains of 9.93 percent and 23.11 percent, respectively, in the past month. "Geopolitical tensions in Syria are one of the factors which will be supporting gold prices in coming sessions," said Nic Brown commodities analyst at Natixis in London. "And you also have the latest data out of the United States over the past couple of sessions that was relatively weak and raised the question mark over the timing of the U.S. Fed tapering," he added.
Compania de Minas Buenaventura SA (NYSE: BVN) shares traded in the range of $12.25 to $12.69 Friday before settling to close at $12.63, an increase of 1.20 percent. The stock appears to be facing some resistance at the $13.62 and $15.22 levels with some support at $11.72. Shares of Compania de Minas Gold have fallen approximately 85.0 percent year-to-date.
More information on Compania de Minas and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BVN
IAMGOLD Corp. (NYSE: IAG)(TSX: IMG) shares traded in the range of $5.92 to $6.25 Friday before settling to close at $6.02, a decrease of 2.43 percent. The stock appears to be facing some resistance at the $6.04 and $7.05 levels with some support at $5.63. Shares of IAMGOLD have fallen approximately 47.0 percent year-to-date.
More information on IAMGOLD and access to the free equity report can be found at:
www.WallStreetFundamentals.com/IAG
NovaGold Resources Inc. (NYSEMKT: NG)(TSX: NG) shares traded in the range of $2.70 to $2.83 Friday before settling to close at $2.74, a decrease of 0.72 percent. The stock appears to be facing some resistance at the $2.93 and $4.11 levels with some support at $2.72. Shares of Harmony Gold Mining have fallen approximately 39.0 percent year-to-date.
More information on NovaGold Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NG
New Gold Inc. (NYSEMKT: NGD)(TSX: NGD) shares traded in the range of $6.61 to $6.79 Friday before settling to close at $6.74, a decrease of 0.74 percent. The stock appears to be facing some resistance at the $7.20 and $7.56 levels with some support at $6.32. Shares of New Gold have fallen approximately 38.0 percent year-to-date.
More information on New Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NGD
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