SOURCE: Paragon Financial Limited

Paragon Financial Limited

March 02, 2012 08:20 ET

Bernanke Slows Uptick in Gold Stocks

The Paragon Report Provides Equity Research on Brigus Gold Corp & Eldorado Gold Corporation

NEW YORK, NY--(Marketwire - Mar 2, 2012) - After a solid start to the year, gold mining stocks have struggled of late. The Market Vectors Gold Miners ETF (GDX) is down more than 3 percent over the last month, while the Market Vectors Junior Gold Miners ETF (GDXJ) has crumbled more than 6 percent over the that period. The Paragon Report examines the outlook for companies in the Gold industry and provides equity research on Brigus Gold Corporation (NYSE Amex: BRD) (TSX: BRD) and Eldorado Gold Corporation (NYSE: EGO) (TSX: ELD). Access to the full company reports can be found at:

Earlier this week gold suffered its biggest one-day drop in more than three years after Federal Reserve Chairman Ben Bernanke disappointed investors who had hoped for a strong signal of more stimulus. Goldman Sachs' chief U.S. economist, Jan Hatzius, wrote in a note to clients that Bernanke's "prepared statement offered no clear signal about further easing." The reduced potential for quantitative easing led to a rally in the U.S. dollar and substantial weakness in precious metals.

In his semi-annual speech before Congress, Bernanke acknowledged improvement in the labor market and said that headwinds such as Europe and a weak housing market would fade beyond 2012.

The Paragon Report provide 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 and get exclusive access to our numerous stock reports and industry newsletters.

Eldorado Gold Corporation, together with its subsidiaries, engages in the discovery, exploration, development, production, and reclamation of gold properties in Brazil, the People's Republic of China, Greece, and Turkey. Last week the company reported a more than 50 percent increase in its 2011 earnings from operations, largely driven by increased bullion sales and higher realized prices. Eldorado, produced 658,652 ounces of gold in 2011 and expects gold output this year ranging between 730,000 and 775,000 ounces.

Brigus Gold Corp. engages in the extraction, processing, refining, and production of gold and other by-product metals primarily in North America. The company principally produces gold and silver.

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