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Gold Stocks Rally After Quantitative Easing 3 Announced -- Central Banks to Increase Gold Purchases by 7.9%

17.09.2012  |  Marketwire
Five Star Equities Provides Stock Research on NovaGold Resources and Brigus Gold

NEW YORK, 09/17/12 - 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



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