SOURCE: Five Star Equities

Five Star Equities

August 07, 2012 08:20 ET

Gold Could Potentially Reach $1,900/oz According to HSBC Analysts

Five Star Equities Provides Stock Research on Brigus Gold and Paramount Gold and Silver

NEW YORK, NY--(Marketwire - Aug 7, 2012) - Gold stocks have struggled in 2012 as a slowing global economy has resulted in lackluster physical and investor demand for the precious metal. The Market Vectors Gold Miners ETF (GDX) has fallen close to 17 percent this year, while the Market Vectors Junior Gold Miners ETF (GDXJ) has fallen over 21 percent. Five Star Equities examines the outlook for companies in the Gold Industry and provides equity research on Brigus Gold Corp. (NYSE MKT: BRD) (TSX: BRD) and Paramount Gold and Silver Corp. (NYSE MKT: PZG) (TSX: PZG).

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HSBC analysts in a recent report have stated that gold could potentially gain from the political and economic turbulence in the U.S. and by the end of the year hit $1,900 per ounce.

"Economic uncertainty, geopolitical tensions and the uncertainty of the U.S. November elections are theoretically gold-bullish," and gold should rally in the second half of the year "when U.S. growth is poor and the dollar is weak," a new HSBC report said. "We expect prices to rally to above $1,900/oz by the end of the year. Patience is the most important commodity."

Five Star Equities releases regular market updates on the Gold Industry 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 stock reports and industry newsletters.

Brigus Gold is a high quality emerging mid-tier gold producer with projects in Ontario and Saskatchewan. With approximately 1.86 million ounces of gold in reserves, increased cash flow, and projects ready for development, Brigus Gold is well positioned for growth. The company is scheduled to release second quarter financial results on August 10, 2012.

Paramount Gold is a U.S. based exploration and development company with fast-growing, multi-million ounce, advanced-stage precious metals projects within the mining-friendly jurisdictions of Nevada [Sleeper] and northern Mexico [San Miguel]. The company recently reported a study on the Sleeper project predicted a 17 year operation with average annual gold production of 172,000 ounces.

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