Gold miners slumped Wednesday as futures for the commodity slumped to four-month lows after minutes form the Federal Reserve Policy meeting suggest officials were still considering ways to exit or curb stimulus measures. "The minutes bring the risk of Fed tapering back to the forefront, even though many policymakers had said in public that it would not happen in the near future," said Frank McGhee, head precious metals dealer with Integrated Brokerage Services LLC. The Market Vectors Gold Miners ETF (NYSEARCA: GDX) fell 3.55 percent, while the Market Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ) declined 4.83 percent. Gold futures have fallen approximately 25.0 percent in 2013.
Allied Nevada Gold Corp. (NYSEMKT: ANV) shares traded in the range of $3.07 to $3.39 Thursday before settling to close at $3.38, an increase of 3.36 percent. The stock appears to be facing some resistance at the $3.72, $4.14 and $4.52 levels. Shares of Allied Nevada Gold have fallen approximately 88.0 percent in 2013.
More information on Allied Nevada Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ANV
AuRico Gold Inc. (NYSE: AUQ) shares traded in the range of $3.68 to $3.79 Thursday before settling to close at $3.76 a share. The stock appears to be facing some resistance at the $3.87 and $4.07 levels with some support at $3.73. Shares of AuRico Gold have fallen approximately 54.0 percent in 2013.
More information on AuRico Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AUQ
NovaGold Resources Inc. (NYSEMKT: NG)(TSX: NG) shares traded in the range of $2.17 to $2.27 Thursday before settling to close at $2.26, an increase of 1.80 percent. The stock appears to be facing some resistance at the $2.29 and $2.46 levels with some support at $2.15. Shares of NovaGold Resources have fallen approximately 53.0 percent in 2013.
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 $5.17 to $5.34 Thursday before settling to close at $5.27, an increase of 0.19 percent. The stock appears to be facing some resistance at the $5.50, $5.75 and $5.89 levels. Shares of New Gold have fallen approximately 52.0 percent in 2013.
More information on New Gold and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NGD
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