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MARKETS LIVE BLOG:

STOCKS TURN HIGHER WITH COMPANY EARNINGS ROLLING IN

Fed's Powell: Will take 'longer than expected' to reach confidence on inflation

Wall Street Fundamentals Releases New In-Depth Stock Reports on ABX, EGO, KGC and NEM

ACCESSWIRE

Gold prices continued its slide Wednesday after Morgan Stanley provided another bearish forecast for gold prices in 2014. The average forecasts of seven big banks (Bank of America Merrill Lynch, Barclays, Deutche Bank, HSBC, J.P. Morgan, Morgan Stanley and UBS) call for gold prices to average roughly $1,202 an ounce in 2014. "In our view, gold price performance will continue to suffer as long as risk assets in general and U.S. equities in particular continue to perform strongly, undermining the need for portfolio managers to hold more than a modicum of safe haven assets," analysts at Morgan Stanley wrote in a recent note.

Barrick Gold Corporation (NYSE:ABX - News)(TSX:ABX.TO - News) shares traded in the range of $18.67 to $19.00 Wednesday before settling to close at $18.80, a decrease of 2.34 percent. The stock appears to be facing some resistance at the $19.20 and $20.11 levels with some support at $18.40. Shares of Barrick Gold have fallen approximately 45.0 percent in the past year.

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

Eldorado Gold Corp. (NYSE:EGO - News)(TSX:ELD.TO - News) shares traded in the range of $6.51 to $6.69 Wednesday before settling to close at $6.56, a decrease of 1.65 percent. The stock appears to be facing some resistance at the $6.94 and $7.17 levels with some support at $6.43. Shares of Eldorado Gold have fallen approximately 48.0 percent in the past year.

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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 - News)(TSX:K.TO - News) shares traded in the range of $4.59 to $4.82 Wednesday before settling to close at $4.63, a decrease of 3.54 percent. The stock appears to be facing some resistance at the $4.73 and $4.82 levels with some support at $4.57. Shares of Kinross Gold have fallen approximately 50.0 percent in the past year.

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

Newmont Mining Corp. (NYSE:NEM - News) shares traded in the range of $24.09 to $24.70 Wednesday before settling to close at $24.39, a decrease of 1.73 percent. The stock appears to be facing some resistance at the $25.48 and $26.20 levels with some support at $24.28. Shares of Newmont Mining have fallen approximately 45.0 percent in the past year.

More information on Newmont Mining and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NEM

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

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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.

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Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com