Early Morning Insight: Silver Wheaton Corp., Harmony Gold Mining Co. Ltd, New Gold Inc., and Agnico-Eagle Mines Ltd

LONDON, October 9, 2013 /PRNewswire/ --

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On Tuesday, October 8, 2013, the S&P 500 ended the day at 1,655.45, down 1.23%; the Dow Jones Industrial Average closed at 14,776.53, down 1.07%; and the NASDAQ Composite finished at 3,694.83, down 2.00%. Shares in the basic material precious metals sector plummeted, as the broader market fell sharply. The major movers in the sector include Silver Wheaton Corporation (NYSE: SLW), Harmony Gold Mining Company Ltd (NYSE: HMY), New Gold Inc. (NYSE MKT: NGD), and Agnico Eagle Mines Ltd (NYSE: AEM). All these companies are tracked by AAAResearchReports.com. Download free technical analysis and charting reports on SLW, HMY, NGD, and AEM now at:

http://www.aaaresearchreports.com/register/

Shares in Silver Wheaton Corp. plummeted on Tuesday, reversing all of the gains from the previous trading session. The company's shares oscillated between $22.59     and $24.05 before finishing the day 5.02% lower at $22.71. A total of 4.44 million shares were traded, which is marginally below the daily average volume of 6.04 million. Despite Tuesday's sharp decline, Silver Wheaton Corp.'s shares have gained 20.22% in the previous three months, outperforming the S&P 500 which has advanced 0.91% during the same period. Furthermore, the company's stock is trading below its 50-day and 200-day moving averages of $24.90 and $27.19, respectively. Download free research on SLW today by registering at:

http://www.AAAResearchReports.com/SLW100913.pdf

On Tuesday, shares in Harmony Gold Mining Co. Ltd also plummeted, hitting a new 52-week low of $3.15. The company's shares closed the day at $3.20, down 3.90% from the previous day's price of $3.33. A total of 3.08 million shares were traded, which is below the daily average volume of 3.84 million. The company's shares are down 0.62%% in the previous three trading sessions, compared to a loss of 1.38% in the S&P 500 during the same period. Moreover, Harmony Gold Mining Co. Ltd's stock is trading below its 50-day and 200-day moving averages of $3.70 and $5.08, respectively. Sign up and have access to our free report on HMY at:

http://www.AAAResearchReports.com/HMY100913.pdf

On Tuesday, New Gold Inc.'s stock ended the day at $5.76, which is 2.54% lower of the previous day's closing price of $5.91. The company's shares hit a new 52-week low of $5.69. A total of 3.59 million shares were traded, which is below the daily average volume of 4.64 million. The company's shares have lost 3.03% in the previous three trading sessions, compared to a loss of 1.38% in the S&P 500 during the same period. Further, New Gold Inc.'s stock is trading below its 50-day and 200-day moving averages $6.71 and $7.92, respectively. Sign up and read the complimentary report on NGD at:

http://www.AAAResearchReports.com/NGD100913.pdf

Agnico Eagle Mines Ltd's stock plummeted on Tuesday, reversing all of the gains from the previous trading session. The company's shares ended the day 4.06% lower at $25.06, after hitting a new 52-week low of $24.94. A total of 1.38 million shares were traded, which is below the daily average volume of 1.93 million. The company's shares have declined by 2.38% in the previous three trading sessions, underperforming the S&P 500 which has fallen by 1.38% during the same period. Further, Agnico Eagle Mines Ltd's stock is trading below its 50-day and 200-day moving averages of $28.42 and $34.95, respectively. The free report on AEM can be downloaded by signing up now at:

http://www.AAAResearchReports.com/AEM100913.pdf  

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SOURCE AAA Research Reports