SOURCE: Wall Street Equity Research

Wall Street Equity Research

August 17, 2010 09:40 ET

Professional Research on Eldorado Gold and Gammon Gold -- Gold Safety Play Status Remains

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 17, 2010) -  www.wallstreetequityresearch.com gives shareholders valuable insight on gold stocks Eldorado Gold Corp. (NYSE: EGO) and Gammon Gold Inc. (NYSE: GRS). Sign up today at www.wallstreetequityresearch.com to receive free research reports on these equities.

Gold prices has been gaining traction recently as, worldwide economic data continues to disappoint. Japan's recent weak GDP data dropped their economy from second to third place, falling behind China. Low GDP data from Japan has triggered investor uncertainty in the markets and sent investments back into gold, a traditional safe haven during times of economic uncertainty. 

www.wallstreetequityresearch.com is a specialized website where investors can have specific access to free reports gold industry; traders looking for analyst opinions on Eldorado Gold Corp., Gammon Gold Inc. and other companies in this industry are welcomed to sign up for a free one year membership at http://www.wallstreetequityresearch.com/.

While the global economy is proving troubling for the Yen and the Dollar, Gold companies are reporting strong quarterly earnings reports. Increased prices for the yellow metal and expansion possibilities due to profitability are helping drive company profits higher. Last week, Gammon Gold Inc. announced its earnings for the 2Q 2010 with a higher operating profit boosted by production increase and higher gold prices. The company earned $11.4 million excluding items. Traders can have complimentary access to today's complete research report on Gammon Gold Inc. by signing up at http://wallstreetequityresearch.com/August172010GammonGoldInc.(GRS)170810.php

While the increase in price is a boon for the industry, companies must plan for price fluctuations in order to insure profitability down the road. Companies that expand too rapidly or dig deeper which increases their cost per ounce, may find themselves working projects that are no longer viable. However, with the global economy still uncertain, gold looks to continue to be a safe bet for investors. Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting the gold industry in today's economic environment.

Late July, Eldorado Gold Corp. posted record earnings of $60.5 million enhanced by elevated sales volumes and higher realized gold prices. Traders can get direct and free access to today's full report on Eldorado Gold Corp. by signing up at http://wallstreetequityresearch.com/August172010EldoradoGoldCorp.(EGO)170810.php.

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