Eldorado Gold, its Performance, and Arbitration with Greece

Eldorado (EGO) (PXD) (SFY) (CNX) (PRU) (SUSP) (TOU) Ratings Changes

Eldorado Gold Co. (EGO), Pioneer Natural Resources (PXD), Swift Energy (SFY), CONSOL Energy Inc. (CNX), Perseus Mining Limited (PRU), Susser Petroleum Partners LP (SUSP) and Tourmaline Oil Corp (TOU) had ratings on them adjusted by analysts.

Canaccord Genuity downgraded Pioneer Natural Resources (PXD) from a "Buy" rating to a "Hold" rating. They have a price target of $111.00 on the company.

Global Hunter Securities downgraded Swift Energy (SFY) from a "Buy" rating to an "Accumulate" rating. They have a price target of $28.00 on the company.

Morgan Stanley initiated coverage on CONSOL Energy Inc. (CNX). They placed an "Equal Weight" rating and price target of $37.00 on the company.

Morgan Stanley initiated coverage on Eldorado Gold Co. (EGO). They placed an "Overweight" rating and price target of $19.00 on the company.

Fraser Mackenzie initiated coverage on Perseus Mining Limited (PRU). They placed a "Strong-Buy" rating and price target of $3.40 on the company.

Janney Capital initiated coverage on Susser Petroleum Partners LP (SUSP). They placed a "Buy" rating and price target of $27.00 on the company.

National Bank initiated coverage on Tourmaline Oil Corp. (TOU). They placed an "Outperform" rating on the company.

Newmont (NEM) (GG) (EGO) Trade Mixed as Economic Uncertainty Continues

Shares of Newmont Mining (NEM), Goldcorp (GG) and Eldorado Gold (EGO) were trading mixed today as the price of gold moved slightly positive and negative on the day, with fears continuing to affect the markets.

Many gold miners, including the above-mentioned three, started June off with a bang, as the gold miners started to catch up some with the price of gold, which they have been lagging for some time.

The miners took a hit the last couple of days on news there would be no quantitative easing in the near future, although so-called "Operation Twist" was extended.

So investors chose to place their money in U.S. dollars, as safety is the primary thing on their minds at this time, even though the U.S. dollar is a very flawed and weak currency itself.

Once the Federal Reserve announced little would be done to aid the economy, investors were forced to sell their gold to cover their losses.

The reason gold isn't plummeting in price is because the market still believes there will be another round of quantitative easing. It's only a matter of when, most believe, not if.

With the commitment by the Fed to wait until 2014 at minimum before boosting interest rates, any type of stimulus would send the price of gold, along with other commodities, soaring, as the dollar would drop in value and people would look for protection against inflation.

While it's highly probable the Fed could add stimulus to the economy, it has done virtually nothing in the recent past, and adding hundreds of billions to the national debt while doing nothing to help is something even Ben Bernanke appears slow to want to implement.

The other side of the argument is the extremely weak American economy, the sovereign debt crisis in Europe, the high unemployment in the U.S., and the ongoing weakness in the Chinese economy. All of that is what investors and economists look at when being almost certain more stimulus is in the near future.

Then you have to consider the presidential election in the U.S., as well as other national elections around the world to ascertain the liklihood of more quantitative easing.

In China its factory segment contracted for the eigth month in a row, as did the business sector in the euro zone for the fifth straight month, while the manufacturing sector in the United States dropped to its lowest level in almost a year.

Just as the price of gold has been flittering back and forth at a flat level, so has the share price of Newmont Mining (NEM), Goldcorp (GG) and Eldorado Gold (EGO), which were slightly down and up during the trading day.

Eldorado Gold was trading at $12.35, up $0.10, or 0.82 percent, as of 3:43 PM EDT. Goldcorp was at $37.04, down $0.13, or 0.35. Newmont was trading at $47.98, gaining $0.18, or 0.38 percent.

Barrick (ABX) (EGO) (NEM) Jump Monday

After starting off strong on Monday, gold futures were up and down the rest of the session, closing the day at $1,588.70 per ounce for June delivery, down slightly from Friday's close.

Barrick Gold (NYSE: ABX), Eldorado Gold (NYSE:EGO) and Newmont Mining (NYSE:NEM) all finished up on the day, as the U.S. dollar fell against the euro.

It appears gold is ready to move up again after it dropped to $1,527 an ounce last week, the lowest level in 2012. That reversed significantly when gold traders scrambled to cover their short positions.

Expectations are when gold prices move slightly above $1,600, investors will jump back into the gold market.

Even so, the volatility of the price of gold because of the perceived safety of the U.S. dollar, which has been strengthening of late, along with the sovereign debt crisis in Europe, has investors jittery, and most are buying on dips until they get more clarity.

It's highly probable the greenback will weaken sometime soon, as it's a flawed currency itself, although it's been strong against the euro lately because of the financial crisis in the euro zone.

The question is whether the U.S. dollar will rebound yet again as the euro falters in full view of the world.

If it does, it makes gold more expensive for other currencies, putting even more downward pressure on it.

Until the crisis in Greece is resolved, we'll see this being the ongoing scenario. Much of this is now driven by headlines.

Eldorado (EGO) (ANR) (FCX) (RRC) (CHK) (TC) Ratings, Price Targets

Eldorado Gold Co. (EGO), Alpha Natural Resources (ANR), Freeport McMoRan Copper and Gold (FCX), Range Resources (RRC), Thompson Creek Metals (TC) and Chesapeake Energy (CHK) had ratings and price targets on them adjusted by analysts.

TD Securities upgraded Eldorado Gold Co. (EGO) to a "Buy" rating.

Citigroup upgraded Alpha Natural Resources (ANR) from a "Neutral" rating to a "Buy" rating.

Citigroup upgraded Freeport McMoRan Copper and Gold (FCX) from a "Neutral" rating to a "Buy" rating.

Macquarie upgraded Range Resources (RRC) from a "Neutral" rating to a "Outperform" rating.

UBS AG upgraded Thompson Creek Metals (TC) from a "Neutral" rating to a "Buy" rating.

Citigroup downgraded Chesapeake Energy (CHK) from a "Buy" rating to a "Neutral" rating.

Eldorado (EGO) (GOLD) (TC) (BAC) (RJF) (DB) (FGP) Ratings, Price Targets

Eldorado Gold Co. (EGO), Randgold Resources Ltd. (GOLD), Thompson Creek Metals (TC), Bank of America (BAC), Raymond James (RJF), Deutsche Bank (DB) and Ferrellgas Partners (FGP) had ratings and price targets on them adjusted by analysts.

Canaccord Genuity upgraded Eldorado Gold Co. (EGO) from a "Hold" rating to a "Buy" rating.

Stifel Nicolaus upgraded Randgold Resources Ltd. (GOLD) from a "Hold" rating to a "Buy" rating. They placed a price target of $110.00 on the company.

Deutsche Bank upgraded Thompson Creek Metals (TC) from a "Sell" rating to a "Hold" rating.

Guggenheim upgraded Bank of America (BAC) from a "Neutral" rating to a "Buy" rating. They placed a price target of $11.00 on the company.

Wells Fargo & Co. initiated coverage on Raymond James (RJF). They have an "Outperform" rating on the company.

TheStreet upgraded Deutsche Bank (DB) to a "Hold" rating.

JPMorgan Chase & Co. initiated coverage on Ferrellgas Partners (FGP). They placed an "Underweight" rating and a price target of $12.00 on the company.

Vale (VALE) (MFN) (EGO) (CF) (MPC) (KWK) Ratings, Price Targets

Vale (NASDAQ: VALE), Minefinders (NYSE: MFN), Eldorado Gold (NYSE: EGO), CF Industries (NYSE: CF), Marathon Petroleum (NYSE: MPC) and Quicksilver Resources (NYSE: KWK) ratings and price targets.

Minefinders (MFN) was upgraded by TD Newcrest to a “Hold” rating.

Eldorado Gold (EGO) was upgraded by Dundee to a “Buy” rating.

CF Industries (CF) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.

Vale (VALE) was downgraded by HSBC (NYSE:HBC) to a “Neutral” rating.

Marathon Petroleum (MPC) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.

Quicksilver Resources (KWK) was downgraded by Macquarie to an “Underperform” rating.

EOG (EOG) (RAIL) (RAM) (RDK) (EGO) (ELX) Upgraded

EOG Resources (NYSE: EOG), FreightCar America (NASDAQ: RAIL), RAM Energy (NYSE: RAM), Ruddick Corporation (NYSE: RDK), Eldorado Gold (NYSE: EGO) and Emulex (NYSE: ELX) were upgraded by analysts.

FreightCar America (RAIL) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.

RAM Energy (RAM) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.

Ruddick Corporation (RDK) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.

Eldorado Gold (EGO) was upgraded by Dundee to a “Buy” rating.

Emulex (ELX) was upgraded by Pacific Crest from an “Underperform” rating to a “Sector Perform” rating.

EOG Resources (EOG) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating. They have a price target of $125.00 on the company.

Whiting (WLL) (EGO) (ELX) (EOG) (STJ) (STI) Ratings, Price Targets

Whiting Petroleum Co. (NYSE: WLL), Eldorado Gold Co. (NYSE: EGO), Emulex Co. (NYSE: ELX), EOG Resources (NYSE: EOG), St. Jude Medical, Inc. (NYSE: STJ) and SunTrust (NYSE: STI) ratings and price targets.

Whiting Petroleum Co. (WLL) was downgraded by Susquehanna from a “positive” rating to a “neutral” rating. They have a price target of $56.00 on the firm, down from $58.00.

Eldorado Gold Co. (EGO) was upgraded by Dundee to a “buy” rating.

Emulex Co. (ELX) was upgraded by Pacific Crest from an “underperform” rating to a “sector perform” rating.

EOG Resources (EOG) was upgraded by Deutsche Bank (NYSE:DB) from a “hold” rating to a “buy” rating. They have a price target of $125.00 on the firm.

St. Jude Medical, Inc. (STJ) had its “hold” rating reiterated by Jefferies Group (NYSE:JEF). They have a price target of $38.00 on the firm.

SunTrust (STI) is now covered by BTIG. They have a “buy” rating and a price target of $30.00 on the firm.

SPX (SPW) (THG) (MDSO) (MGAM) (EGO) (MWV) Ratings, Price Targets

SPX Corp. (NYSE: SPW), The Hanover Insurance Group, Inc. (NYSE: THG), Medidata Solutions, Inc. (NASDAQ: MDSO), Multimedia Games (NASDAQ: MGAM), Eldorado Gold Co. (NYSE: EGO) and MeadWestvaco Corp. (NYSE: MWV) ratings and price targets.

SPX Corp. (SPW) is now covered by Morgan Stanley (NYSE:MS). They placed an “Overweight” rating and a price target of $75.00 on the company.

The Hanover Insurance Group, Inc. (THG) is now covered by JMP Securities. They placed a “Market Perform” rating on the company.

Medidata Solutions, Inc. (MDSO) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.

Multimedia Games (MGAM) was downgraded by Sidoti from a “Buy” rating to a “Neutral” rating.

Eldorado Gold Co. (EGO) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating.

MeadWestvaco Corp. (MWV) had its “Buy” rating reiterated by Deutsche Bank (NYSE:DB).

Amarin (AMRN) (LII) (LVS) (EMC) (CEG) (EGO) Ratings, Price Targets

Amarin Co. plc (NASDAQ: AMRN), Lennox International Inc. (NYSE: LII), Las Vegas Sands Corp. (NYSE: LVS), EMC Corp. (NYSE: EMC), Constellation Energy Group (NYSE: CEG) and Eldorado Gold Co. (NYSE: EGO) ratings and price targets.

Amarin Co. plc (AMRN) had its “buy” rating reiterated by Canaccord Genuity.

Lennox International Inc. (LII) is now covered by Morgan Stanley (NYSE:MS). They have an “underweight” rating on the firm.

Las Vegas Sands Corp. (LVS) is now covered by Compass Point. They have a “sell” rating and a price target of $35.00 on the firm.

EMC Corp. (EMC) had its price target lowered by Evercore Partners to $30.00.

Constellation Energy Group (CEG) was downgraded by Citigroup (NYSE:C) from a “buy” rating to a “neutral” rating.

Eldorado Gold Co. (EGO) was upgraded by UBS AG (NYSE:UBS) from a “neutral” rating to a “buy” rating.

Eldorado (EGO) (AZN) (SNY) (AAPL) (SHOO) (NBHGY) Ratings, Price Targets

Eldorado Gold (NYSE:EGO), AstraZeneca (NYSE:AZN), Sanofi-Aventis (NYSE:SNY), Apple (NASDAQ:AAPL), Steven Madden Ltd (NASDAQSHOO) and Nobel Biocare Holding AG (OTC:NBHGY) ratings and price targets.

AstraZeneca (AZN) was downgraded by JPMorgan (NYSE:JPM) from a "Neutral" rating to an "Underweight" rating.

Sanofi-Aventis (SNY) was downgraded by JPMorgan from an "Overweight" rating to a "Neutral" rating.

Eldorado Gold (EGO) was upgraded by UBS (NYSE:UBS) from a "Neutral" rating to a "Buy" rating.

Auriga initiated coverage on Apple (AAPL). They have a "Buy" rating on the firm.

KeyBanc initiated coverage on Steven Madden Ltd (SHOO). They have a "Hold" rating on the firm.

Nobel Biocare Holding AG (NBHGY) was upgraded by JPMorgan from an "Underweight" rating to a "Neutral" rating.

Schnitzer (SCHN) (SFSF) (T) (CVC) (DCT) (EGO) Downgraded

Schnitzer Steel (NASDAQ: SCHN), SuccessFactors, Inc. (NASDAQ: SFSF), AT&T Inc. (NYSE: T), Cablevision (NYSE: CVC), DCT Industrial Trust Inc. (NYSE: DCT) and Eldorado Gold Co. (NYSE: EGO) were downgraded by analysts.

Schnitzer Steel (SCHN) was downgraded by Credit Agricole to an “Underperform” rating.

SuccessFactors, Inc. (SFSF) was downgraded by Raymond James (NYSE:RJF) from a “Strong Buy” rating to a “Market Perform” rating.

AT&T Inc. (T) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.

Cablevision (CVC) was downgraded by BTIG Research from a “Buy” rating to a “Neutral” rating.

DCT Industrial Trust Inc. (DCT) was downgraded by Keefe, Bruyette & Woods to a “Market Perform” rating.

Eldorado Gold Co. (EGO) was downgraded by CIBC to a “Sector Perform” rating.

CVS (CVS) (EGO) (DRIV) (GSM) (MSPD) (NDQ) Ratings, Price Targets

CVS Caremark (CVS), Eldorado Gold Co. (EGO), Digital River, Inc. (DRIV), Globe Specialty Metals, Inc. (GSM), Mindspeed Technologies, Inc. (MSPD) and Novadaq Technologies (NDQ) ratings and price targets.

Goldman Sachs (NYSE:GS) reiterated its "Buy" rating on CVS Caremark (CVS).

Eldorado Gold Co. (EGO) was downgraded by CIBC to a “Sector Perform” rating.

Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Digital River, Inc. (DRIV).

Oppenheimer reiterated its "Outperform" rating on Globe Specialty Metals, Inc. (GSM).

ThinkEquity initiated coverage on Mindspeed Technologies, Inc. (MSPD). They have a “Buy” rating on the firm.

JMP Securities initiated coverage on Novadaq Technologies (NDQ). They have an “Outperform” rating on the stock.

Transocean (RIG) (EGO) (PTEN) (RDC) (CIM) (DO) Get New Coverage

Transocean (NYSE: RIG), Eldorado Gold Co. (NYSE: EGO), Patterson-UTI (NASDAQ: PTEN), Rowan Companies, Inc. (NYSE: RDC), Chimera Investment Co. (NYSE: CIM) and Diamond Offshore Drilling, Inc. (NYSE: DO) getting new coverage from analysts.

Goldman Sachs (NYSE:GS) initiated coverage on Patterson-UTI (PTEN). They placed a “Buy” rating on the company.

Goldman Sachs initiated coverage on Rowan Companies, Inc. (RDC). They placed a “Neutral” rating on the company.

Goldman Sachs initiated coverage on Transocean (RIG). They placed a “Sell” rating on the company.

Morgan Stanley (NYSE:MS) initiated coverage on Chimera Investment Co. (CIM). They placed an “Underweight” rating and a price target of $2.70 on the company.

Goldman Sachs initiated coverage on Diamond Offshore Drilling, Inc. (DO). They placed a “Sell” rating on the company.

HSBC (NYSE:HBC) initiated coverage on Eldorado Gold Co. (EGO). They placed an “Overweight” rating on the company.

Suntech (STP) (COL) (EGO) (HRL) (IHG) (LNCR) (PEG) Downgraded

Suntech Power (NYSE: STP), Rockwell Collins (NYSE: COL), Eldorado Gold Co. (NYSE: EGO), Hormel Foods Co. (NYSE: HRL), Intercontinental Hotels Group (NYSE: IHG), Lincare (NASDAQ: LNCR) and Public Service Enterprise Group Inc. (NYSE: PEG) downgraded by analysts.

Suntech Power (STP) was downgraded by Ardour Capital from a “Hold” rating to a “Sell” rating. They have a price target of $3.00 on the company, down from $7.50.

Rockwell Collins (COL) was downgraded by Wedbush from an “Outperform” rating to a “Neutral” rating. They have a price target of $53.00 on the company, down from $71.00.

Eldorado Gold Co. (EGO) was downgraded by Macquarie from a “Neutral” rating to an “Underperform” rating.

Hormel Foods Co. (HRL) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.

Intercontinental Hotels Group (IHG) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.

Lincare (LNCR) was downgraded by Citigroup (NYSE:C) from a “Buy” rating to a “Hold” rating.

Public Service Enterprise Group Inc. (PEG) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating. They have a price target of $33.00 on the company, down from $35.00.

JA Solar (JASO) (JNPR) (NVDA) Upgraded; (STP) (WAG) (PEG) Downgraded

JA Solar Holdings Co., Ltd. (Nasdaq: JASO), Coach (NYSE: COH), NVIDIA (Nasdaq: NVDA) and Juniper Networks (NYSE: JNPR) upgraded by analysts.

Suntech Power (NYSE: STP), Public Service Enterprise Group Inc. (NYSE: PEG), Walgreen (NYSE: WAG) and Eldorado Gold Corp (NYSE: EGO) are downgraded.

JA Solar Holdings Co., Ltd. (Nasdaq: JASO) was upgraded by Axiom Capital from a "Sell" to a "Hold."

Coach (NYSE: COH) was upgraded by Jefferies (NYSE:JEF) from a "Hold" to a "Buy." They have a price target of $60 on the company.

NVIDIA (Nasdaq: NVDA) was upgraded by Wells Fargo (NYSE:WFC) from a "Market Perform" to an "Outperform." They boosted their price target from $14 to $16 on the company.

Juniper Networks (NYSE: JNPR) was upgraded by Morgan Keegan from a "Market Perform" to an "Outperform." They have a price target of $27 on the company.

Downgrades

Suntech Power (NYSE: STP) was downgraded by Macquarie from "Neutral" to "Underperform." They slashed their price target on the solar company from $6.50 to $3.35. Collins Stewart and ThinkEquity also lowered their ratings on the company.

Walgreen (NYSE: WAG) was downgraded by Barclays from an "Equalweight" to an "Underweight. They had their price target cut from $39 to $29.

Public Service Enterprise Group Inc. (NYSE: PEG) was downgraded by UBS (NYSE:UBS) from "Buy" to "Neutral."

Eldorado Gold Corp (NYSE: EGO) was downgraded by Macquarie from a "Neutral" to an "Underperform."

Eldorado (EGO) (YZC) (FXCB) (STL) (MSFT) (SSNC) (NWSA) (NWY) Downgraded

Eldorado Gold Co. (NYSE: EGO), Yanzhou Coal Mining (NYSE: YZC), Fox Chase Bancorp (NASDAQ: FXCB), Sterling Bancorp (NYSE: STL), Microsoft Corp (NASDAQ: MSFT), SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), News Corp. (NASDAQ: NWSA) and New York & Company, Inc. (NYSE: NWY) downgraded by analysts.

Eldorado Gold (EGO) was downgraded by analysts at TD Newcrest to a “Buy” rating.

Yanzhou Coal Mining (YZC) was downgraded by HSBC (NYSE:HBC) from an “Overweight” rating to a “Neutral” rating.

Fox Chase Bancorp (FXCB) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.

Sterling Bancorp (STL) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.

Microsoft Corp. (MSFT) was downgraded by Davenport from a “Buy” rating to a “Neutral” rating.

SS&C Technologies Holdings, Inc. (SSNC) was downgraded by William Blair from an “Outperform” rating to a “Market Perform” rating.

News Corp. (NWSA) was downgraded by Needham & Company from a “Buy” rating to a “Hold” rating.

New York & Company, Inc. (NWY) was downgraded by Piper Jaffray (NYSE:PJC) from an “Overweight” rating to a “Neutral” rating.

Gold Jumping on QE3 Speculation

Speculation the Federal Reserve will introduce another round of quantitative easing had the price gold surpassing the $1,890 mark early in the trading day, as investors continue to migrate toward safety in the volatile and weak economy.

Gold broke $1,890 in New York and London, as the failed Obama economic policies continue to weigh on the global economy.

While some continue to talk double-dip recession, we at Everything Gold have maintained we've never left the recession, as the data continue to confirm.

Others who believed in the recovery myth are now talking entering a recession, which has helped offer support to the price of gold, as well as the ongoing sovereign debt debacle in Europe. An earlier-than-expected QE3 adds more fuel to the gold price fire, and could cause an inevitable correction in gold to be somewhat subdued in comparison to what it may have been.

Barrick Gold (NYSE:ABX) was trading at $52.61, gaining $1.83, or 3.60 percent, as of 11:48 AM. Yamana Gold (NYSE:AUY) was trading at $15.94, jumping $0.43, or 2.77 percent. Newmont Mining (NYSE:NEM) was at $63.23, climbing $3.15, or 5.24 percent. Goldcorp was trading at $53.96, increasing $2.31, or 4.47 percent. Eldorado Gold was at $20.12, up $0.73, or 3.76 percent. Novagold was trading at $10.05, gaining $0.49, or 5.13 percent.

JPMorgan (JPM) Says Gold Could Push $2,500 by the End of 2011

After three straight days of a huge gold rally, the largest since 2008, JPMorgan (NYSE:JPM) said gold could go crazy and soar to as high as $2,500 an ounce by the end of 2011.

This of course is led by Obama and the Democrat refusing to do the responsible thing and cut back on government spending (along with some Republicans).

Gold has jumped recently to an all-time high of $1,779 an ounce. The $2,500 mark, if reached, would represent a new high when taking into consideration being adjusted for inflation.

Goldman Sachs (NYSE:GS) has also joined the gold chorus, saying they see it hitting $1,730 an ounce within 6 months and $1,900 an ounce in 12 months.

Keynesianism is in its death throes as the realization the failed economic theory of the government printing money to escape recessions is just that - a failed one. Socialism everywhere is on the run as the unsustainability of entitlement programs and excessive military spending is increasingly being made clear to a growing number of people.

Consequently, the reason gold is soaring is not only as a safety hedge and defense against inflation, but it's value and recognition as a viable currency is roaring back. Gold has also broken away from the impact of demand, from and industrial standpoint, no longer considered to be affected by the business cycle.

As expected, gold miners are trading up today, with Yamana Gold (NYSE:AUY) trading at $13.61, gaining $0.16, or 1.19 percent, as of 12:14 PM EDT. NovaGold (NYSE:NG) was at $9.30, up $0.26, or 2.88 percent. Eldorado Gold (NYSE:EGO) was trading at $18.08, gaining $0.20, or 1.12 percent. Newmont Mining (NYSE:NEM) was at $54.46, up $0.33, or 0.61 percent. Goldcorp was trading at $46.66, gaining $0.22, or 0.47 percent. Barrick Gold was at $46.62, jumping $0.48, or 1.04 percent.