Wall Street Fundamentals Releases New In-Depth Stock Reports on BVN, GOLD, GORO and NG


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Companies Mentioned

NYSE:BVN / NASDAQ:GOLD / NYSE:GORO / NYSE:NG
10/02/2013 [ACCESSWIRE]

Gold stocks slumped Tuesday as prices for the precious metal dropped below $1,300 an ounce, a two month low. Gold prices were pressured as investors moved from commodities to lower risks assets such as cash on concerns of a U.S. government shutdown. "I think the safe haven, believe it or not, is cash," said Senior Commodities Broker Bob Haberkorn from RJO Futures. "Gold is not acting like the safe-haven device that it historically has. ... Cash makes people feel comfortable." The Market Vectors Gold Miners ETF (NYSEARCA: GDX) declined 2.63 percent, while the Market Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ) fell 3.14 percent.

Compania de Minas Buenaventura SA (NYSE: BVN) shares traded in the range of $11.31 to $11.61 Tuesday before settling to close at $11.53, a decrease of 1.54 percent. The stock appears to be facing some resistance at the $12.55, $14.52 and $15.21 levels. Shares of Buenaventura have fallen approximately 68.0 percent in 2013.

More information on Buenaventura and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/BVN

Randgold Resources Ltd. (NASDAQ: GOLD) shares traded in the range of $69.17 to $70.75 Tuesday before settling to close at $70.48, a decrease of 1.47 percent. The stock appears to be facing some resistance at the $71.21 and $72.16 levels with some support at $69.92. Shares of Randgold Resources have fallen approximately 29.0 percent in 2013.

More information on Randgold Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GOLD

Gold Resource Corporation (NYSEMKT: GORO) shares traded in the range of $5.90 to $6.54 Tuesday before settling to close at $5.92, a decrease of 10.51 percent. The stock appears to be facing some resistance at the $6.99, $7.26 and $7.98 levels. Shares of Gold Resource have fallen approximately 62.0 percent in 2013.

More information on Gold Resource and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/GORO

NovaGold Resources Inc. (NYSEMKT: NG)(TSX:NG) shares traded in the range of $2.21 to $2.31 Tuesday before settling to close at $2.27, a decrease of 2.16 percent. The stock appears to be facing some resistance at the $2.39 and $2.61 levels with some support at $2.21. Shares of NovaGold Resources have fallen approximately 50.0 percent in 2013.

More information on NovaGold Resources and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/NG

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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