Saturday, June 26, 2010

Eldorado Gold (NYSE:EGO) Down on the Week

The story for gold miners this week, including Eldorado Gold (NYSE:EGO), was a big downswing on Monday, as traders took profits, the next three days trading at level ranges, and finally finishing the week up with a burst.

Others weren't quite so fortunate, as the plunge on Monday for some, such as Eldorado was huge, and the Friday rebound wasn't as strong as some of their competitors.

Along with Eldorado, another gold miner performing this way was Goldcorp (NYSE:GG), who also wasn't able to reach on Friday where they started the week at.

The week for Eldorado brought their share price to $18.38 at the close, a gain on the day of $0.69, or 3.90 percent. Volume was also down from 3-month averages.

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