Gold mining stocks have largely underperformed gold prices over the past few years. Gold prices fell below $1,600 an ounce Tuesday as strong U.S. economic data and news of Cyprus' bailout deal tarnished the metals safe haven appeal to investors. The SPDR Gold Trust ETF (GLD) has fallen roughly 4.5 percent year-to-date, while the Market Vectors Gold [...]
Gold's appeal as a safe haven increased Wednesday as nation's gross domestic product unexpectedly shrank in the fourth quarter. "Gold is reasserting itself as a flight to quality asset," said Adam Klopfenstein, senior market strategist with Archer Financial. Five Star Equities examines the outlook for companies in the Gold Industry and provides [...]
Gold stocks have surged recently on optimism that policy makers would come up with an alternative to the upcoming "fiscal cliff". Gold prices have gained 6 percent in 2012, marking its 12th consecutive year of gains. The Market Vectors Gold Miners ETF (GDX) spiked 3.36 percent on the last trading day of 2012. The Paragon Report examines investing [...]
The Paragon Report Provides Stock Research on Harmony Gold Mining and Rubicon MineralsNEW YORK, NY -- (Marketwire) -- 11/22/12 -- Gold stocks surged Wednesday as gold futures gained nearly $20 an ounce to settle at a 1-month high on optimism that lawmakers could make a deal which would avoid the upcoming "fiscal cliff". The Market Vectors Gold [...]
After a solid start to the year, gold mining stocks have struggled of late. The Market Vectors Gold Miners ETF is down more than 4 percent over the last month, while the Market Vectors Junior Gold Miners ETF has crumbled more than 5 percent over the that period. Five Star Equities examines the outlook for companies in the Gold Industry and provides [...]
Gold Prices last week reached a 11-month high of $1,796.50 an ounce after comments by European Central Bank President Mario Draghi suggested that more bailouts may be forthcoming. Draghi had stated that euro is "irreversible," and that the central bank stood prepared to purchase the bonds of indebted countries. The Paragon Report examines investing [...]
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 [...]
Gold prices have rebounded to above $1,600 an ounce, from as low as $1,540 in May, on hopes of further monetary easing from both the Federal Reserve and the European Central Bank. "When we look forward into the second half of this year, there are a great many unanswered questions that could potentially be positive for the gold market in terms of [...]
After a solid start to the year, gold mining stocks have struggled of late. The Market Vectors Gold Miners ETF (GDX) is down almost 15 percent year-to-date, while the Market Vectors Junior Gold Miners ETF (GDXJ) has crumbled nearly 22 percent over the same period. The Paragon Report examines investing opportunities in Gold Industry and provides [...]
Witwatersrand Consolidated Gold Resources Limited and Pan African Resources plc, collectively the 'Consortium' announced today that they have entered into an agreement with Harmony Gold Mining Company Limited to acquire 100% of Harmony's interest in Evander Gold Mines Limited, in a 50/50 joint venture, for a total Transaction consideration of [...]
Pan African Resources plc, form a 50:50 partnership to acquire 100% of gold producer, Evander Gold Mines Ltd. from Harmony Gold Mining Company Ltd. for ZAR1.7 billion less any distributions made by Evander to Harmony prior to the Closing Date - Additional attributable gold resources and reserves for Wits Gold
