SOURCE: Paragon Financial Limited

Paragon Financial Limited

November 21, 2011 08:16 ET

Paramount Gold and Pacific Gold Continue to Lag Stable Bullion Prices

The Paragon Report Provides Equity Research on Paramount Gold & Pacific Gold Corporation

NEW YORK, NY--(Marketwire - Nov 21, 2011) - With the price of Gold near all-time highs, analysts and investors are beginning to question the underperformance of Gold Mining stocks. Key gold index stocks are down on average about 8 percent year to date, while gold futures have added about 17 percent. Paul Simon, chief investment officer of Tactical Allocation Group, argues that "Investors in gold miners still have to account for business risk and global uncertainty." Simon adds that "part of the problem miners face is they're located in countries with governments in bad fiscal positions or uncertain political climates." The Paragon Report examines investing opportunities in the Gold Industry and provides equity research on Paramount Gold & Silver Corporation (NYSE Amex: PZG) (TSX: PZG) and Pacific Gold Corporation (PINKSHEETS: PCFG). Access to the full company reports can be found at:

Earlier this month, the the World Gold Council said that gold demand rose 6 percent in the third quarter from a year earlier as Europe's debt crisis spurred investors to accumulate the metal as a protection of wealth and push prices to a record. Despite the uptick, jewellery demand fell 10 percent to 465.6 tons in the third quarter, the council said. Usage in India fell 26 percent to 125.3 tons, and the country and China accounted for 57 percent of global purchases, according to the report. Total gold demand fell 23 percent in India and rose 17 percent in China. A report from the World Gold Council (WGC) titled 'India: Heart of Gold' argues that Gold demand in India will continue to be robust in the next decade. The report estimates that cumulative annual demand will be in excess of 1,200 tonnes by 2020, registering a growth of 33 percent.

The Paragon Report provides 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.

Pacific Gold Corp, through its subsidiaries, engages in the identification, acquisition, exploration, and mining of mineral properties, primarily alluvial gold and base metals in western North America. Shares of the company collapsed last week after it released third quarter results. During the third quarter, the Company mined approximately 11,000 cubic yards of new gravels beginning in mid-September to the end of the quarter.

Paramount Gold and Silver Corp., an exploration stage mining company, engages in the acquisition, exploration, and development of gold, silver, and precious metal properties in Mexico and the United States. Earlier this month the company announced additional high-grade gold and silver at its Mexico-based San Miguel project.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at