Eldorado Gold Corp (USA) (NYSE:EGO)
CAPS Rating:
An international gold company that currently operates gold mines in Turkey and Brazil. The Company has a background in acquiring, discovering and developing quality gold assets.
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I'm guessing that this is a short-term move out of the precious metals miners to capture the gains from the August rally. Some investors may be looking for other cheap stocks to buy after the S&P sold off last month, but since I believe that these miners will continue to rally after a brief respite I just restarted the same bets after the sell off.