SOURCE: Rothman Research

Rothman Research

March 12, 2010 08:59 ET

Gold Holds a Promise for the Future

JOHANNESBURG, SOUTH AFRICA--(Marketwire - March 12, 2010) - www.rothmanresearch.com

The medium term looks promising for the gold sector's market makers and retail players as they see several motives for their natural bullishness. Studies indicate that the position for base metals and base metal equities will be on the upside as metal inventories are low throughout the supply chain; investors are progressively looking more to commodities as a hedge against inflationary pressures and a weaker U.S. dollar; and the credit crisis will continue to setback mine progress, thereby putting to silence a supply response from mining companies once demand does rebound. "In 2010, we expect metal markets, specially the king of metals, gold, to be more settled as a new normalized level of supply and demand becomes apparent," www.rothmanresearch.com analyst Mathew Collier states.

Rothman Research studies two key companies within the gold industry, Compania Mina Buenaventura S.A.A. (NYSE: BVN) and Newmont Mining Corporation (NYSE: NEM), that are playing well in the market today.

*Click on the following links to view the PDF version of the intensive research reports: http://www.rothmanresearch.com/article/bvn/23260/Mar-12-2010.html or http://www.rothmanresearch.com/article/nem/23261/Mar-12-2010.html 

On the short term, however, gold prices have to put up with fear that China might raise rates as its imports surged by almost 45% in February, impacting its trade surplus. Another factor keeping gold price in a taut trading range is the overall dreary sentiment within the precious metal market. Short term outlook does not seem to favor the bulls, see what analyst at www.rothmanresearch.com has to say concerning gold prices. 

Gold prices are down $5.30 to $1,102.80 an ounce today. Prices have traded as high as $1,111.70 and as low as $1,100.50. The U.S. dollar index rose 0.06% to $80.50. Gold's spot price has been pulled down by $5. At this stage, precious metal analysts are on tenterhooks, hoping to see bargain seekers take over around the $1,090 margin. Learn more about gold related companies you would like to invest in today by signing up at www.rothmanresearch.com

* www.rothmanresearch.com is a source for investors seeking free information on the gold industry; investors are encouraged to sign up for free at http://www.rothmanresearch.com/article/tap/23213/Mar-09-2010.html.

Compania de Minas Buenaventura S.A.A. explores, mines, and processes gold, silver, and other metals and precious minerals in Peru. It owns interests in: Arequipa, Lima encompassing 12,579 hectares, Huancavelica consisting 22,600 hectares total. The company also holds 100 percent interest in southern Peru covering 6,674 hectares. In addition, it has controlling interests in the Colquijirca, Marcapunta, and Shila-Paula mines. Further, the company offers electric power transmission and engineering consulting services. 

Newmont Mining Corporation has properties in the United States, Australia, Peru, Indonesia, Ghana, Canada, Bolivia, New Zealand, and Mexico. The company, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. As of December 31, 2009, Newmont had proven and probable gold reserves of approximately 91.8 million equity ounces and an aggregate land position of approximately 33,400 square miles.

Visit http://www.rothmanresearch.com/article/tap/23213/Mar-09-2010.html to access reports on gold companies that are either fully valued or volatile.

To learn more about other investment opportunities, log on to www.rothmanresearch.com for a free research report, to help you make the right decision.

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