Zacks' Voice of the People highlights opportunities with Market Vectors Gold Miners ETF, Randgold Resources, Royal Gold, Yamana Gold and Newmont Mining

Zacks

For Immediate Release

Chicago, IL – 03/02/2012 – Zacks highlights commentary from People and Picks Trader inthemoneystocks.

For more Voice of the People, visit http://at.zacks.com/?id=5851

Featured Post

Gold Miners Try to Dig Out of Yesterday's Hole

This morning, all of the leading gold mining stocks are ticking higher. Yesterday, gold, silver, and leading mining stocks were slammed sharply lower as the U.S. Dollar Index rallied. Traders should realize that when markets stage an outside day on heavy volume it is usually an indication of lower prices to come.

The popular and highly traded Market Vectors Gold Miners ETF (NYSEARCA: GDX) is trading higher by 0.12 cents to $55.52 a share. The daily chart is signaling that the GDX will sell down to the $52.00 area before reaching some near term support. Short-term traders can watch for intra-day support around the $54.67 and $54.00 levels.

Some leading gold mining stocks that will be volatile over the next week will be Randgold Resources Ltd ( GOLD), Royal Gold, Inc ( RGLD), Yamana Gold Inc ( AUY) and Newmont Mining Corp ( NEM). All of these stocks could be vulnerable to further declines in the near term. Please understand that gold and most gold mining stocks will trade inverse to the U.S. Dollar index.

About the Zacks Community

In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5958.

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Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Brent Billock
People & Picks Manager
Company: Zacks.com
Phone: 312-265-9307
Email: pandp@zacks.com
Visit: www.Zacks.com

Read the analyst report on GDX

Read the analyst report on GOLD

Read the analyst report on RGLD

Read the analyst report on AUY

Read the analyst report on NEM

Zacks Investment Research



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