Gold Stocks Rally After Quantitative Easing 3 Announced -- Central Banks to Increase Gold Purchases by 7.9%
17 Septiembre 2012 - 7:20AM
Marketwired
Gold stocks have been on an impressive run as of late as prices for
the precious metals have surged due to the potential of economic
stimulus from central banks across the globe. Gold prices reached a
6-month high last Thursday after the Federal Reserve announced
stimulus for the U.S. economy. The Market Vectors Gold Miners ETF
(GDX) has gained nearly 20 percent in the last month. Five Star
Equities examines the outlook for companies in the Gold Industry
and provides equity research on NovaGold Resources Inc. (NYSE: NG)
(TSX: NG) and Brigus Gold Corp. (NYSE: BRD) (TSX: BRD).
Access to the full company reports can be found at:
www.FiveStarEquities.com/NG www.FiveStarEquities.com/BRD
Gold prices in August saw its largest monthly gain since January
when gold prices rose by 15 percent after the Fed announced it
would keep interest rates near zero till late 2014. The Federal
Reserve announced on Thursday that it would purchase $40 billion of
mortgage-backed securities a month, and would keep the benchmark
interest rate low till at least mid-2015. "The price of gold will
do very well in the years to come," said Axel Merk, Merk Funds
chief investment officer.
According to a recent report from Thomson Reuters GFM, gold
purchases from central banks in 2012 will total 493 metric tons, an
increase of 7.9 percent. Central banks have expanded reserves to
diversify from the dollar and protect themselves from a potential
gain in inflation.
Five Star Equities releases regular market updates on the Gold
Industry so investors can stay ahead of the crowd and make the best
investment decisions to maximize their returns. Take a few minutes
to register with us free at www.FiveStarEquities.com and get
exclusive access to our numerous stock reports and industry
newsletters.
NovaGold is focused on permitting and developing its 50%-owned
flagship property, Donlin Gold, one of the world's largest known
undeveloped gold deposits. Donlin Gold is jointly held with Barrick
Gold, the world's largest gold company. The company recently
announced that permitting has commenced on the property.
Brigus is a growing gold producer committed to maximizing
shareholder value through a strategy of efficient production,
targeted exploration and select acquisitions. The company recently
reported a new high-grade gold discovery at their Grey Fox
property. "This discovery has the potential to significantly
increase the Company's gold resources," said Howard Bird, Senior
Vice President Exploration.
Five Star Equities provides Market Research focused on equities
that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
We constantly create research reports and newsletters for our
members. Five Star Equities has not been compensated by any of the
above-mentioned companies. We act as an independent research portal
and are aware that all investment entails inherent risks. Please
view the full disclaimer at:
www.FiveStarEquities.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: Five Star Equities Email Contact
Beard Energy Transition ... (NYSE:BRD)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Beard Energy Transition ... (NYSE:BRD)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024