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Wall Street Fundamentals Releases New In-Depth Stock Reports on ABX, AEM, IAG and TGD

Thursday, 10 April 2014 08:50 AM

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Gold prices trended upwards Wednesday after minutes from the Federal Reserve’s latest meeting eased concerns of a tightening of monetary policy. Gold prices had tumbled since reaching a 6-month high in mid-March as comments made by Fed Chairwoman Janet Yellen hinted the central bank could end monthly bond purchases and begin raising interest rates six months later. "The death knell for the gold market would be a rise in short-term rates, and that doesn't appear to be on the table until 2015," said Bob Haberkorn, a broker at RJO Futures.

Barrick Gold Corporation (NYSE: ABX) shares traded in the range of $18.50 to $19.22 Wednesday before settling to close at $18.93, an increase of 0.75 percent. The stock appears to be facing some resistance at the $19.07 and $19.50 levels with some support at $18.46 and $18.03. Shares of Barrick Gold are up approximately 7.0 percent year-to-date.

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

Agnico Eagle Mines Ltd. (NYSE: AEM)(TSX: AEM) shares traded in the range of $30.79 to $31.91 Wednesday before settling to close at $31.40, a decrease of 1.60 percent. The stock appears to be facing some resistance at the $32.07 and $32.67 levels with some support at $31.36 and $30.80. Shares of Agnico Eagle Mines have gained approximately 19.0 percent year-to-date.

More information on Agnico Eagle Mines and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/AEM

IAMGOLD Corp. (NYSE: IAG)(TSX: IMG) shares traded in the range of $3.47 to $3.70 Wednesday before settling to close at $3.57, an increase of 1.71 percent. The stock appears to be facing some resistance at the $3.73 and $3.87 levels with some support at $3.53 and $3.20. Shares of IAMGOLD have fallen approximately 7.0 percent year-to-date.

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

Timmins Gold Corp. (NYSEMKT: TGD) shares traded in the range of $1.38 to $1.46 Wednesday before settling to close at $1.45, an increase of 6.54 percent. The stock appears to be facing some resistance at the $1.47 and $1.53 levels with some support at $1.42 and $1.36. Shares of Timmins Gold are up approximately 30.0 percent year-to-date.

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

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

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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.

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Website: www.WallStreetFundamentals.com
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