Gold Stocks Rally After Quantitative Easing 3 Announced -- Central Banks to Increase Gold Purchases by 7.9%

Five Star Equities Provides Stock Research on Harmony Gold Mining and Golden Star Resources

Marketwired

NEW YORK, NY--(Marketwire - Sep 18, 2012) - Gold stocks have been on an impressive run as of late as prices for the precious metals have surged due to the potential of economic stimulus from central banks across the globe. Gold prices reached a 6-month high last Thursday after the Federal Reserve announced stimulus for the U.S. economy. The SPDR Gold Trust ETF (GLD) has gained nearly 10 percent in the last month. Five Star Equities examines the outlook for companies in the Gold Industry and provides equity research on Harmony Gold Mining Co. (NYSE: HMY) and Golden Star Resources Ltd. (NYSE: GSS).

Access to the full company reports can be found at:
www.FiveStarEquities.com/HMY
www.FiveStarEquities.com/GSS

Gold prices in August saw its largest monthly gain since January when gold prices rose by 15 percent after the Fed announced it would keep interest rates near zero till late 2014. The Federal Reserve announced on Thursday that it would purchase $40 billion of mortgage-backed securities a month, and would keep the benchmark interest rate low till at least mid-2015. "The price of gold will do very well in the years to come," said Axel Merk, Merk Funds chief investment officer.

According to a recent report from Thomson Reuters GFM, gold purchases from central banks in 2012 will total 493 metric tons, an increase of 7.9 percent. Central banks have expanded reserves to diversify from the dollar and protect themselves from a potential gain in inflation.

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 www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

In fiscal year 2011, Harmony produced 1.30 million ounces of gold, making it one of the world's largest gold mining companies. The group's operations are located primarily on the Witwatersrand Basin in South Africa. The company recently reported gold production for the June 2012 quarter was 14 percent higher than the previous quarter.

Golden Star is a mid-tier gold mining company over a quarter-century in age and total historical production of over two million ounces of gold. The company has two operating mines situated along the prolific Ashanti Gold Belt in Ghana, West Africa. Total gold production from both mines in 2011 totaled 301,120 ounces. The company expects to produce 338,000 ounces of gold in 2012.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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