Gold Posts 12th Consecutive Year of Gains With a 6% Increase in 2012
January 07 2013 - 8:20AM
Marketwired
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 opportunities in the Gold Industry and
provides equity research on Goldcorp Inc. (NYSE: GG)(TSX: G) and
IAMGOLD Corporation (NYSE: IAG)(TSX: IMG).
Access to the full company reports can be found at:
www.ParagonReport.com/GG www.ParagonReport.com/IAG
Gold futures surged 1.2 percent to end the year as news broke a
deal to resolve the fiscal cliff was "within sight" according to a
statement by the President. Prices for the commodity had been
dragged down in December, down 2.1 percent for the month, as
investors braced for higher taxes in the coming year.
"Today it appears that an agreement to prevent this New Year's
tax hike is within sight, but it is not done," President Obama
said. "There are still issues left to resolve, but we're hopeful
that Congress can get it done, but it's not done."
Paragon Report releases regular market updates on the Gold
Industry so investors can stay ahead of the crowd and make the best
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Goldcorp is one of the world's fastest growing senior gold
producers. Its low-cost gold production is located in safe
jurisdictions in the Americas and remains 100% un-hedged. The
company currently offers investors an annual dividend of $0.54 per
share for a dividend yield of approximately 1.5 percent.
IAMGOLD is a leading mid-tier gold mining company producing
approximately one million ounces annually from five gold mines
(including current joint ventures) on three continents. IAMGOLD's
growth plans are strategically focused in certain regions in
Canada, select countries in South America and Africa.
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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