RDInvesting Provides Investors with Free In-Depth Equity Reports on AG, GG, RGLD and SLW
Gold and silver miners fell sharply Thursday after Federal Reserve Chairman Ben Bernanke the central bank would begin cutting back on bond purchases later this year. Gold prices fell below its April low of $1,321 an ounce hitting a low of $1,285.90, the worst since September 2010. Silver was the biggest loser of the precious metals Thursday falling as low as $19.68 an ounce. Gold and silver prices have posted losses of approximately 22 percent and 33 percent year-to-date. “The markets are definitely not prepared to wait until the tapering actually begins,” said Ole Hansen, the head of commodity strategy at Saxo Bank A/S, in a recent Bloomberg article. “The combination of Fed tapering, a spike in nominal yields and a stronger dollar has put gold under some considerable pressure.”
First Majestic Silver Corp. (NYSE: AG) shares declined 6.96 percent to close at $9.63 a share Thursday. The stock traded in between $9.52 and $10.15 on volume of 1.89 million shares traded. The stock appears to have resistance at $10.57 and $11.83. Shares of First Majestic Silver have fallen approximately 52.3 percent year-to-date.
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Goldcorp Inc. (NYSE: GG)(TSX: G) shares declined 8.59 percent to close at $23.95 a share Thursday. The stock traded in between $23.57 and $24.94 on volume of 15.72 million shares traded. The stock appears to have resistance at $25.54 and $26.13. Shares of Goldcorp have fallen approximately 34.75 percent year-to-date.
Find out more about Goldcorp including full access to the free equity report at:
www.RDInvesting.com/GG
Royal Gold, Inc. (NASDAQ: RGLD)(TSX: RGL) shares declined 10.65 percent to close at $44.79 a share Thursday. The stock traded in between $44.45 and $48.35 on volume of 1.80 million shares traded. The stock appears to have stiff resistance at $50.98 and $55.74. Shares of Royal Gold have fallen approximately 45.0 percent year-to-date.
Find out more about Royal Gold including full access to the free equity report at:
www.RDInvesting.com/RGLD
Silver Wheaton Corp. (NYSE: SLW)(TSX: SLW) shares declined 9.14 percent to close at $20.18 a share Thursday. The stock traded in between $19.74 and $21.23 on volume of 10.18 million shares traded. The stock appears to have resistance at $22.16 and $24.32. Shares of Silver Wheaton have fallen approximately 44.1 percent year-to-date.
Find out more about Silver Wheaton including full access to the free equity report at:
www.RDInvesting.com/SLW
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