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Tuesday, July 20, 2010

Eldorado (NYSE:EGO), Agnico-Eagle (NYSE:AEM), Gammon (NYSE:GRS) Up on Gold Rebound

Eldorado Gold (NYSE:EGO), Gammon (NYSE:GRS) and Agnico-Eagle (NYSE:AEM) were all up over 2 percent today, as gold rose on disappointing earnings from some companies, along with the euro dropping early in the trading session.

The majority of gold miners were up on the day.

Eldorado topped the three as of 1:14 PM EDT, standing at $15.76, gaining $0.38, or 2.47 percent.

Agnico was at $56.57 as of 1:13PM EDT, just behind Eldorado as measured by percentages. They gained $1.31 a share, or 2.37 percent.

Even as I am writing Gammon Gold made a nice move, and are at $5.49, gaining $0.19, or 3.58 percent, as of 1:18 PM EDT.

Gold is expected to be volatile during the short term, but should rebound nicely and continue its upward move.

2 comments:

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