Paramount Gold and Pacific Gold Continue to Lag Stable Bullion Prices
November 21 2011 - 8:16AM
Marketwired
With the price of Gold near all-time highs, analysts and investors
are beginning to question the underperformance of Gold Mining
stocks. Key gold index stocks are down on average about 8 percent
year to date, while gold futures have added about 17 percent. Paul
Simon, chief investment officer of Tactical Allocation Group,
argues that "Investors in gold miners still have to account for
business risk and global uncertainty." Simon adds that "part of the
problem miners face is they're located in countries with
governments in bad fiscal positions or uncertain political
climates." The Paragon Report examines investing opportunities in
the Gold Industry and provides equity research on Paramount Gold
& Silver Corporation (NYSE Amex: PZG) (TSX: PZG) and Pacific
Gold Corporation (PINKSHEETS: PCFG). Access to the full company
reports can be found at:
www.paragonreport.com/PZG
www.paragonreport.com/PCFG
Earlier this month, the the World Gold Council said that gold
demand rose 6 percent in the third quarter from a year earlier as
Europe's debt crisis spurred investors to accumulate the metal as a
protection of wealth and push prices to a record. Despite the
uptick, jewellery demand fell 10 percent to 465.6 tons in the third
quarter, the council said. Usage in India fell 26 percent to 125.3
tons, and the country and China accounted for 57 percent of global
purchases, according to the report. Total gold demand fell 23
percent in India and rose 17 percent in China. A report from the
World Gold Council (WGC) titled 'India: Heart of Gold' argues that
Gold demand in India will continue to be robust in the next decade.
The report estimates that cumulative annual demand will be in
excess of 1,200 tonnes by 2020, registering a growth of 33
percent.
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the gold industry register with us free at
www.paragonreport.com and get exclusive access to our numerous
stock reports and industry newsletters.
Pacific Gold Corp, through its subsidiaries, engages in the
identification, acquisition, exploration, and mining of mineral
properties, primarily alluvial gold and base metals in western
North America. Shares of the company collapsed last week after it
released third quarter results. During the third quarter, the
Company mined approximately 11,000 cubic yards of new gravels
beginning in mid-September to the end of the quarter.
Paramount Gold and Silver Corp., an exploration stage mining
company, engages in the acquisition, exploration, and development
of gold, silver, and precious metal properties in Mexico and the
United States. Earlier this month the company announced additional
high-grade gold and silver at its Mexico-based San Miguel
project.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.paragonreport.com/disclaimer.
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