SOURCE: Paragon Financial Limited

Paragon Financial Limited

January 31, 2012 08:20 ET

Shares of Novagold Resources Rally With Precious Metals Prices -- Kinross Gold Lags

Paragon Report Provides Equity Research on Kinross Gold Corporation & Novagold Resources

NEW YORK, NY--(Marketwire - Jan 31, 2012) - Gold prices have been on the upswing this month as the Fed signaled it may keep interest rates low through 2014. Even the GDX, which seeks to replicate as closely as possible, the price and yield performance of the NYSE Arca Gold Miners Index, has shown signs of strength in January, surging more than 10 percent. The Paragon Report examines the outlook for companies in the Gold industry and provides equity research on Kinross Gold Corporation (NYSE: KGC) (TSX: K) and Novagold Resources, Inc. (NYSE Amex: NG) (TSX: NG). Access to the full company reports can be found at:

Over the past year, the GDX has underperformed the price of gold by a large margin. While the SPDR Gold Trust ETF -- which attempts to reflect the performance of the price of gold bullion -- is up nearly 30 percent year-on-year, the GDX has grown a mere 5 percent over the same period.

According to a recent article from International Business Times, gold stocks have lagged the price of gold due to a number of factors, "including operational disappointments, rising cost structures, elevated political risk in many locations of their assets, and macroeconomic headwinds that have weighed on the equity markets."

The Paragon Report provide 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

Shares of Novagold Resources have skyrocketed more than 25 percent this month. NovaGold Resources Inc., through its subsidiaries, engages in the exploration and development of mineral properties primarily in North America. The company primarily explores for gold, silver, copper, zinc, and lead ores.

Shares of Kinross Gold have not been as fortunate this month. In mid-January the Canadian gold mining company slowed the development of its three major projects including its Tasiast mine in Africa that will now be delayed by at least several months.

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