Gold Prices Surge as Policy Makers Likely to Reach Deal Avoiding Fiscal Cliff
The Paragon Report Provides Stock Research on Jaguar Mining and Rubicon Minerals
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 01/03/13 -- 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 Jaguar Mining Inc. (NYSE: JAG) (TSX: JAG) and Rubicon Minerals Corp. (NYSE: RBY) (TSX: RMX).
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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."
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Jaguar is a junior gold producer in Brazil with operations in a prolific greenstone belt in the state of Minas Gerais and owns the Gurupi Project in Northern Brazil in the state of Maranhão. Following the resignation of James Roller the company has appointed Douglas Willock as their new Chief Financial Officer. Shares of Jaguar have gained over 30 percent in the past week.
Rubicon Minerals is an exploration and development company, focused on responsible and environmentally sustainable development of its Phoenix Gold Project in Red Lake, Ontario. Rubicon is well funded and its flagship Phoenix Gold Project is fully permitted to potential production. Shares of the company have gained over 12 percent in the past week.
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:
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Datum: 03.01.2013 - 07:20 Uhr
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