Eldorado Gold and Kinross Gold Shares Surge as Federal Reserve Announces Stimulus Plans

Five Star Equities Provides Stock Research on Eldorado Gold and Kinross Gold

NEW YORK, NY -- (Marketwire) -- 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 Eldorado Gold Corp. (NYSE: EGO) (TSX: ELD) and Kinross Gold Corp. (NYSE: KGC) (TSX: K).


Access to the full company reports can be found at:

www.FiveStarEquities.com/EGO

www.FiveStarEquities.com/KGC


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. Year to date gold prices are up 13 percent.

"The price of gold will do very well in the years to come," said Axel Merk, Merk Funds chief investment officer.

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.

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.

"The demand side is all about worldwide debasement of currencies and gold being seen as an alternative," GoldCorp's CEO Chuck Jeannes said on Sept. 10. "We see it with central banks buying gold and we see it with investors buying gold to protect themselves from the exposure to currencies that they don't have confidence in."

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