SOURCE: The Bedford Report

The Bedford Report

July 05, 2011 08:16 ET

Explorers Hopeful Gold Market Remains Strong

The Bedford Report Provides Equity Research on NovaGold & Rubicon Minerals

NEW YORK, NY--(Marketwire - Jul 5, 2011) - Fiscal policy in the United States has created a great deal of uncertainty surrounding the value of the American dollar over the past few years. In response to this, many investors have sought out precious metals and other commodities as safe havens for protecting their money. Investors have also sought out Gold producers, many of which have posted record profits during the latest gold rush. The Bedford Report examines the outlook for the Gold Market and provides stock research on NovaGold Resources, Inc. (NYSE Amex: NG) (TSX: NG) & Rubicon Minerals Corporation (NYSE Amex: RBY) (TSX: RMX). Access to the full company reports can be found at:

With the Federal Reserve ending its $600 billion Treasury bond-buying program as planned, analysts have raised concerns that gold may be due for a significant pullback. According to a Reuters survey of financial professionals, at least half expect oil and gold prices to fall further in the third quarter, hurt by a stronger dollar that will make them more expensive to non-US investors.

The Bedford Report releases investment research on the Gold Market so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

A drop in demand for gold could also hurt producers, many of which boosted spending as gold hit all-time highs.

NovaGold is focused on advancing its two core properties, Donlin Creek and Galore Creek, with the objective of becoming a low-cost million-ounce-a-year gold producer. For the 1st quarter of fiscal year 2011, NG announced earnings per share of $-0.22, representing 129% of the total annual estimate.
NovaGold also earns $0.5 to $1.2 million annually from the sale of sand, gravel and land and royalties from placer gold production, largely from its holdings around Nome, Alaska.

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