Despite Slowdown in Physical Demand, Gold Projected to See 12th Consecutive Bull Year
23 Agosto 2012 - 2:20PM
Marketwired
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 the future of the euro zone and also I
think in North America," said Marcus Grubb, managing director at
the World Gold Council (WGC). Five Star Equities examines the
outlook for companies in the Gold Industry and provides equity
research on Harmony Gold Mining Co. (NYSE: HMY) and Brigus Gold
Corp. (NYSE: BRD) (TSX: BRD).
Access to the full company reports can be found at:
www.FiveStarEquities.com/HMY www.FiveStarEquities.com/BRD
A recent report from the World Gold Council showed that global
demand for gold fell 7 percent in the second quarter. Demand in
China, the world's largest buyer, fell 7 percent from the year ago
quarter. The drop was the first year-over-year decrease in nearly a
decade. India saw the steepest drop, as demand fell 38 percent in
the second quarter. For the year India's total demand for gold is
expected to be in the range of 688 and 700 metric tons, a drop of
between 28%-33% from the year prior. Despite the drop in demand the
WGC still expects 2012 to be a bull year for gold.
"If you look at the price behavior this year, our view is that
it's likely we will see a 12th straight year of the bull market,"
said Mr. Grubb.
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.
In FY11, Harmony produced 1.30 million ounces of gold, making it
one of the world's largest gold mining companies. The group's
operations are located primarily on the Witwatersrand Basin in
South Africa. The company recently reported gold production for the
June 2012 quarter was 14 percent higher than the previous
quarter.
Brigus is a growing gold producer committed to maximizing
shareholder value through a strategy of efficient production,
targeted exploration and select acquisitions. For the second
quarter of 2012 the company produced 18,254 ounces of gold,
consistent with quarterly production guidance, and a 16 percent
increase over second quarter 2011.
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
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: Five Star Equities Email Contact
Grafico Azioni Beard Energy Transition ... (NYSE:BRD)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Beard Energy Transition ... (NYSE:BRD)
Storico
Da Dic 2023 a Dic 2024