Inflation Concerns Drive New Demand for Commodities - In-Depth Research Featuring Northgate Minerals and New Gold
HONG KONG, March 9 /PRNewswire/ - Today, www.WorldStreetFundamentals.com released its industry report highlighting resource miners Northgate Minerals Corporation (TSX:NGX)(NYSE Amex:NXG) and New Gold Inc. (TSX:NGD)(NYSE Amex:NGD). Current state of affairs, monetary policy, and worries of inflation is stimulating investor interest in companies backed by precious and industrial metals. Investors from around the world are invited to view fundamental and technical analysis at www.WorldStreetFundamentals.com/Reports.php.
Recently, the U.S. Federal Reserve has enacted quantitative easing totaling $2.3 trillion, from $1.7 trillion of Treasuries and mortgage-backed bonds, to its recent $600 billion purchases of intermediate and long-term Treasuries. The Fed is learning from Japan's 1990 mistake of not offering stimulus for long enough. Lead economists are anticipating higher inflation as the most significant outcome from this policy. As a result, assets backed by precious metals in with strong fundamentals are starting to gain momentum.
World Street recognizes Northgate Minerals for its solid operating and financial results, posting excellent cash flow from operations ($56.5 million in Q4 2010). The company's open pit reserves have increased by over 20% to 325,000 ounces at Young-Davidson, which currently is rated with a 15-year mine life. To read the report on Northgate Minerals Corporation (TSX:NGX)(NYSE Amex:NXG), click here: www.WorldStreetFundamentals.com/ViewFullReport.NXG.php.
World Street Fundamentals has highlighted New Gold due to increasing production, declining costs and continued strength in commodity prices. Its recent year-end results set record earnings and cash flow, with cash flow from operations increased by 131% to $182 million from $79 million in 2009, the strongest reporting period ever in the company's history. To read the report on New Gold Inc. (TSX:NGD)(NYSE Amex:NGD), click here: www.WorldStreetFundamentals.com/ViewFullReport.NGD.php.
Several recent trends demonstrate the possibility of silver reaching an inflection point, whereby it begins to trade with greater influence as a precious metal in addition to its industrial metal influences. This situation marks a bullish case for Silver, as industrial focused gold/silver ratios gravitate towards 40, while historic precious metal derived gold/silver ratio averages at 15.
About World Street
World Street Fundamentals is an online portal for professionals, investors and new-comers to the markets to find in depth comprehensive research and research tools to help guide you through the ever changing financial markets around the world.
SOURCE World Street Fundamentals
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article