SOURCE: Wall Street Equity Research

Wall Street Equity Research

August 20, 2010 09:11 ET

Professional Research on Newmont Mining and NovaGold Resources -- Gold Stocks Glitter as Gold Prices Stay High

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 20, 2010) - www.wallstreetequityresearch.com allows shareholders to gain full understanding of the economic and market forces influencing the gold industry, and offers free research on industry players Newmont Mining Corp. (NYSE: NEM) and NovaGold Resources Inc. (AMEX: NG). Register today at www.wallstreetequityresearch.com to receive free research reports on these companies.

As the global economy continues to struggle, investors have increasingly been turning to gold and gold ETFs as a shelter from the economic storm. Legendary money manager George Soros is also convinced by the strength of gold and has recently increased his management fund's stake in the metal significantly. The devaluation of the US dollar has also pushed gold prices up. 

www.wallstreetequityresearch.com is a specialized website where investors can have complete access to free reports on gold industry; traders looking for analyst opinions on Newmont Mining Corp., NovaGold Resources Inc. and other players in the industry are welcomed to sign up for a free one year membership at http://www.wallstreetequityresearch.com/.

Although some companies are currently experiencing production decreases, the increase in the price of gold has been a boon to the industry, as it has increased margins and helped offset production costs. Companies producing at full capacity have seen extremely strong gains.

Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting gold stocks.

While floundering currencies and commodities are driving investors to gold, bullion prices are also being driven up by increased demand from China and India. The wedding and festival season in India, the world's largest gold consumer, is rapidly approaching. Historically, this time marks an increase in buying activity, as gold is traditionally given as gifts. China is also showing positive signs for gold, as a recent announcement from the People's Bank of China stated the coming of relaxed investment laws for the yellow metal, which may open up new markets.

For the second quarter 2010, Newmont Mining Corp. reported net income of $382 million whilst NovaGold Resources Inc. saw a net loss of C$15.8 million. Shareholders and investors can sign up today at http://wallstreetequityresearch.com/August202010NewmontMiningCorp.(NEM)200810.php or http://wallstreetequityresearch.com/August202010NovaGoldResourcesInc.(NG)200810.php to download the full reports on Newmont Mining Corp. and NovaGold Resources Inc.

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