Gold Demand in China Could Surge as Much as 30 Percent
24 Maggio 2012 - 2:20PM
Marketwired
It has been a tough year for gold stocks. The Market Vectors Gold
Miners ETF (GDX) has fallen over 16 percent year-to-date as growing
concerns of Europe's financial crisis continue to weigh down gold
prices. But growing demand in China could provide a necessary boost
for gold prices in 2012. The Paragon Report examines investing
opportunities in the Gold Industry and provides equity research on
Brigus Gold Corp. (NYSE: BRD) and Rubicon Minerals Corp. (NYSE:
RBY) (TSX: RMX).
Access to full reports can be found at:
www.ParagonReport.com/BRD
www.ParagonReport.com/RBY
In 2012, gold demand in China could surge as much as 30 percent
to make the country the world's largest gold market on an annual
basis according to the World Gold Council. China's gold demand,
which was at record levels during the first quarter, may increase
from 769.8 tons in 2011 to between 900 metric tons and 1000 tons in
2012 according to Albert Cheng, the Far East managing director at
the World Gold Council. "We are confident China will become the
largest source of demand for gold this year," Cheng said in
Singapore. "Over the next two to five years, China and India will
go neck to neck and may account for more than 50 percent of world
demand."
Paragon Report 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.ParagonReport.com and get exclusive
access to our numerous stock reports and industry newsletters.
Brigus is a growing gold producer committed to maximizing
shareholder value through a strategy of efficient production,
targeted exploration and select acquisitions. The company operates
the wholly owned Black Fox Mine and Mill in the Timmins Gold
District of Ontario, Canada. The company recently announced that
for the first quarter of 2012 gold sales improved by 60 percent to
16,033 ounces compared to 10,003 ounces in the first quarter of
2011.
Rubicon's focus is in highly prospective gold producing areas of
North America. It controls over 65,000 acres of prime exploration
ground in the prolific Red Lake gold camp of Ontario, Canada, which
hosts Goldcorp's high-grade, world class Red Lake Mine. The company
recently announced that its Phoenix Gold Project budget to the end
of Q3-2012 has been increased by $27.8 million to $82.8
million.
Paragon Report 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.
The Paragon Report has not been compensated by any of the
above-mentioned companies. We act as independent research portal
and are aware that all investment entails inherent risks. Please
view the full disclaimer at: www.ParagonReport.com/disclaimer
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