SOURCE: Century Capital Research

December 21, 2012 07:30 ET

Gold Could Continue to Rise in 2013

NOTE TO EDITORS: The Following Is a Research Alert Issued by Century Capital Research

NEW YORK, NY--(Marketwire - Dec 21, 2012) - A December 5, 2012 article by CNBC titled Pros Slam Goldman Sachs' Bearish Call On Gold, outlines how many professional analysts are coming out against Goldman Sachs' cut on their gold outlook.

Founder and President of GRZ Energy, Anthony Grisanti, stated, "I think with QE still going on next year and no call for it to end, gold will go higher." Rich Ilczyszyn, Founder and Chief Market Strategist at iiTrader, agreed it's just too early to call the top in gold. "By judging the flows into gold, Ilczyszyn said it doesn't appear gold has topped out. From India to South Korea and China, many central banks around the world continue to buy many tons of gold," Ilczyszyn said.

Yesterday, The Graystone Company (OTCQB: GYST) announced they have completed the deposit on a Suriname project announced earlier in the week. The Company expects the final definitive agreement for the JV to be completed in January 2013.

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