Wall Street Fundamentals Releases New In-Depth Stock Reports on AEM, EGO, KGC and NGD

T.AEM, EGO, T.K, T.NGD

Gold stocks surged late Wednesday after the Federal Reserve unexpectedly decided to keep stimulus in place. The Federal Open Market Committee stated that more data supporting economic recovery would be needed before stimulus measure would be scaled back. Gold futures spiked to a high of $1,367.80 an ounce after the Fed’s decision was announced. "This changes the landscape of what everyone expected. What this does is really keeps the (gold) buying coming," said Bill Baruch, Senior Market Strategist at iiTRADER.

Agnico Eagle Mines Ltd. (NYSE: AEM)(TSX: AEM) shares traded in the range of $26.64 to $29.83 Wednesday before settling to close at $29.44, an increase of 7.80 percent. The stock appears to be facing some resistance at the $30.28 and $31.09 levels with some support at $28.30. Shares of Agnico Eagle Mines have fallen approximately 44.0 percent in 2013.

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

Eldorado Gold Corp. (NYSE: EGO)(TSX: ELD) shares traded in the range of $7.03 to $7.98 Wednesday before settling to close at $7.84, an increase of 8.14 percent. The stock appears to be facing some resistance at the $7.94 and $8.24 levels with some support at $7.56. Shares of Eldorado Gold have fallen approximately 39.0 percent in 2013.

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

Kinross Gold Corporation (NYSE: KGC)(TSX: K) shares traded in the range of $5.18 to $5.79 Wednesday before settling to close at $5.71, an increase of 8.56 percent. The stock appears to be facing some resistance at the $6.11 and $6.64 levels with some support at $5.59. Shares of Kinross Gold have fallen approximately 41.0 percent year-to-date.

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

New Gold Inc. (NYSEMKT: NGD)(TSX: NGD) shares traded in the range of $6.07 to $7.10 Wednesday before settling to close at $6.97, an increase of 12.24 percent. The stock appears to be facing some resistance at the $7.00 and $7.42 levels with some support at $6.82. Shares of New Gold have fallen approximately 37.0 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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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

Tags: GOLD

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