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Gold Stocks Continue to Soar as Stimulus Measures From Central Banks Boost Gold Prices

25.09.2012  |  Marketwired
Five Star Equities Provides Stock Research on Gold Fields and Yamana Gold

NEW YORK, 09/25/12 - 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 SPDR Gold Trust ETF (GLD) has gained nearly 10 percent in the last month. Five Star Equities examines the outlook for companies in the Gold Industry and provides equity research on Gold Fields Ltd. (NYSE: GFI) and Yamana Gold Inc. (NYSE: AUY) (TSX: YRI).


Access to the full company reports can be found at:

www.FiveStarEquities.com/GFI
www.FiveStarEquities.com/AUY

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.

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.

Gold Fields is one of the world's largest unhedged producers of gold with attributable annualized production of 3.5 million gold equivalent ounces from eight operating mines across the world. Gold Fields also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility, with construction decisions expected in the next 18 to 24 months.

Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia. The company last month reported it had acquired Extorre Gold Mines Ltd. "We will be evaluating a plan for a 2015 start-up that targets a production level at or above 200,000 ounces of gold equivalent(1) per year," stated Peter Marrone, Chairman and CEO.

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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