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Monday, June 28, 2010

Allied Nevada Gold's (AMEX:ANV) Relentless Upward Run Continues

Allied Nevada Gold (AMEX:ANV) over the last year is up almost 300 percent, and they continue on their upward move, finishing an otherwise lackluster week in a big way.

Like most gold miners, they plunged last Monday as traders took their profits from the record-breaking gold prices the week before, and were level through Thursday before the big rebound on Friday, where gold prices were testing record levels once again, although falling short.

Most miners weren't able to recover after the huge hit they took on Monday, and some continued that into Tuesday, although not nearly as bad.

Even so, the continued strength of Allied was able to push them to the positive to end the week, finishing at $22.38 a share.

The 52-week range for Allied Nevada has been $7.27 - $22.92 a share.

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