Yamana Gold, Endeavour Silver, Coeur d'Alene Mines, Compania de Minas Buenaventura, and Allied Nevada Gold Early Briefing and Review

LONDON, March 21, 2013 /PRNewswire/ --

The Federal Reserve on Wednesday released its latest monetary policy statement. In the statement, the Feds once again reiterated that they will continue with their bond buying program until there is a sustained recovery in the labor market. In recent weeks, robust economic data in the U.S. had fueled speculation that the Feds will end its bond buying program sooner-than-anticipated. The speculation strengthened the U.S. dollar, and put pressure on gold and silver prices. Gold prices have benefited in the last few years from the Fed's ultra-loose monetary policy. Therefore an early end to the central bank's bond buying program does not augur well for the precious metal. Gold and silver prices have performed poorly so far this year, and as a result gold and silver mining stocks such as Yamana Gold Inc. (NYSE: AUY), Endeavour Silver Corp. (NYSE: EXK), Coeur d'Alene Mines Corporation (NYSE: CDE), Companhia de Minas Buenaventura SA (NYSE: BVN), and Allied Nevada Gold Corp. (AMEX: ANV) have also struggled this year. On Wednesday, gold and silver stocks ended on a mixed note even as the broad market edged higher. StockCall has released free charting and technical research on these aforementioned companies. Register to read these reports at


Shares of Yamana Gold Inc. edged lower in Wednesday's trading session, however, the losses were limited. The stock closed 0.33% lower at $15.06 on volume of 5.08 million. Despite the pullback, Yamana's shares have gained more than 3.60% so far this year. The company's shares recently broke through $15 resistance level, which is a bullish signal. The stock's MACD chart is also giving bullish signals. Sign up for the free report on AUY at


Endeavour Silver Corp shares slipped on Wednesday, extending their losses for the week. The stock ended the day 0.48% lower at $6.17 on volume of 1.03 million, taking its losses in the last three sessions to over 1.90%. Shares of EXK have been struggling to break through $6.50 resistance level. The stock currently has strong support at around $6. EXK free technical report can be accessed by signing up at


Shares of Coeur d'Alene Mines Corporation saw modest gains in yesterday's trading session, closing 0.32% higher at $19.08 on volume of 705,179. The silver mining company's shares have struggled so far in 2013, falling more than 22.40%. The stock has traded sideways over the past one month. However, the stock's MACD chart suggests that market sentiment has turned bullish. Free report on CDE can be accessed by registering at


Shares of Peru-based Compania de Minas Buenaventura SA ended marginally higher in Wednesday's trading session. The stock ended 0.20% higher at $25.34 on volume of 657,350. The mining company's shares are currently trading close to their 52-week low of $24. The stock has fallen more than 29.50% so far in 2013 even as the S&P 500 has gained more than 9.20%.  Register with StockCall and download the research on BVN for free at


Allied Nevada Gold Corp.'s shares fell sharply yesterday, extending their losses for the year. The stock finished 2.07% lower at $17.96 on volume of 521,472, taking its losses for the year to over 40%. Allied Nevada Gold's shares have been struggling to break through $18 resistance level. The stock's MACD, however, is trading above the signal line, which is a bullish signal. Read the full free research on ANV by signing up to StockCall at


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