NovaGold Resources and Golden Star Resources Shares Rally Along With Gold Prices
04.07.2012 | Marketwire
Five Star Equities Provides Stock Research on NovaGold Resources and Golden Star ResourcesNEW YORK, 07/04/12 - Gold stocks rallied sharply Tuesday as gold prices rose to two-week highs on hopes that global central banks would take action to help spur economic growth. On Tuesday both the Market Vectors Junior Gold Miners ETF (GDXJ) and the Market Vectors Gold Miners ETF (GDX) increased 5.07 percent and 3.78 percent, respectively. 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 Golden Star Resources Ltd. (NYSE: GSS) (TSX: GSC).
Access to the full company reports can be found at:
www.FiveStarEquities.com/NG
www.FiveStarEquities.com/GSS
Analysts at Commerzbank in a recent note to clients stated that European Central Banks is expected to cut interest rates later this week to help ease the region's debt crisis, while China is expected to reduce their banks' minimum reserve-requirement ratios analysts.
Further easing from the Federal Reserve may be a possibility after U.S. manufacturing in June shrank for the first time in almost three years. "Over the last few weeks U.S. numbers have worsened a lot and this has brought about the probability of QE3 -- which is probably the most important reason for the market to believe in gold," said Eugen Weinberg a Commerzbank analyst.
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's flagship asset is its 50 percent owned Donlin Gold project in Alaska, one of the safest jurisdictions in the world. With approximately 39 million ounces of gold in the Measured and Indicated resource categories (541 million tonnes) at an average grade of approximately 2.2 grams per tonne, Donlin Gold is regarded to be one of the largest, highest-grade, and most prospective gold projects in the world.
Golden Star Resources holds the largest land package in one of the world's largest and most prolific gold producing provinces. The Company holds a 90% equity interest in Golden Star Limited and Golden Star Limited, which respectively own the Bogoso/Prestea and Wassa/HBB open-pit gold mines in Ghana, West Africa.
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