Download The Findit App

Share Your Posts On These Major Social Networks

Instatag Your Posts to Instagram Facebook + Twitter

News

QualityStocks News - Star Mountain Resources (SMRS): Gold has a Shimmering Start in 2016

Scottsdale 3/23/2016 8:00:00 PM

QualityStocks would like to highlight Star Mountain Resources, Inc. (OTC: SMRS), a minerals exploration company focused on acquiring and consolidating mining claims, mineral leases, producing mines, and historic mines with production and future growth potential identified through exploration efforts. The company's operations are currently centered on the initiation, production and expansion of acquired mineral resources in the Star Mountain Mining District, Beaver County, Utah and turning them into producing assets.

In the company’s news:

The year of 2015 was a rough ride for gold, with the shiny metal navigating an unsupportive macro environment. A stronger dollar, a slump in oil prices and the climb in U.S. equities led to a more than 11 percent fall in gold’s value last year. With the Federal Reserve finally ending an era of near-zero interest rates with the December lift-off, gold sank to six-year lows. A steep fall in prices also led to multibillion-dollar write-downs by gold miners.

However, 2016 has started on a positive note for gold. The yellow metal has been the bright spot among precious metals, with prices shooting up roughly 17 percent year to date, making it the most attractive safe haven asset at present.

A slew of factors have contributed to the recent rally in gold prices, including concerns over the global economy, dollar weakness, volatility in equities and the introduction of negative interest rates by several of the world’s central banks (including Japan), which have spurred safe haven demand for gold.

While Barrick Gold Corp. (NYSE: ABX) is the industry standard in gold, smaller companies such as Star Mountain Resources, Inc. (OTC: SMRS) should be given a look as well. Star Mountain, a minerals exploration company, pursues the acquisition and consolidation of mining claims, producing mines, mineral leases, and historic mines in the United States. The company explores for gold, silver, copper, lead, zinc, silica, and zircon deposits and holds interests in the Balmat Mine located in the Balmat mining district of St. Lawrence County, New York.

Gold moved substantially higher in the past few months, rallying from $1,045 to well above $1,250. Gold stocks and silver stocks rallied as well, and many investors and traders claim that the decline in gold that started in 2011 is now over. The answer to the question whether this is the case or not has critical implications for precious metals investors, as the above impacts one’s decision to either invest in the precious metals market or wait to do so at much lower prices.

Gold has always been a solid and stable addition to your portfolio. Companies like Star Mountain Resources search out and acquire precious metal producing properties with proven reserves and production.

About QualityStocks

QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.

To sign up for The QualityStocks Daily Newsletter, please visit www.QualityStocks.net  

To connect with QualityStocks via Facebook, please visit http://Facebook.com/QualityStocksPage

To connect with QualityStocks via Twitter, please visit http://Twitter.com/QualityStocks

Please read FULL disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.net   

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

More News

QualityStocks News - Giggles N’ Hugs (GIGL) Delivers Nutritional Menu while Captivating the Small Mall Visitor


Released On: 4/6/2016
Views: 4966

QualityStocks News - Laguna Blends (LAGBF) Adds Pro369 Hemp Protein Product to Affiliate Program


Released On: 4/5/2016
Views: 5495

QualityStocks News - Alternet Systems (ALYI) Big Data Division Helps Clients to the Cloud


Released On: 4/1/2016
Views: 5719

QualityStocks News - Agora Holdings (AGHI) Develops TECH – a Workflow Management Software for Small- to Medium-Sized Businesses


Released On: 3/30/2016
Views: 3251

QualityStocks News - Giggles N’ Hugs, Inc. (GIGL) – Investing in Opportunities for Smart Growth


Released On: 3/29/2016
Views: 4639

QualityStocks News - Star Mountain Resources (SMRS): Gold has a Shimmering Start in 2016


Released On: 3/23/2016
Views: 3352

QualityStocks News - Immune Therapeutics (IMUN) Armed with Expertise in the Immune System to Fight Infectious Diseases


Released On: 3/18/2016
Views: 4672

QualityStocks News - Orphan Drug Status for RPI-78M Boosts Nutra Pharma Corp.’s (NPHC) IP Portfolio


Released On: 3/16/2016
Views: 3555

QualityStocks News - Halitron (HAON) Pursuing Rapid Growth through Acquisition-Based Business Model


Released On: 3/15/2016
Views: 4114

QualityStocks News - The Giggles N’ Hugs (GIGL) Team has Franchising on Its Mind


Released On: 3/10/2016
Views: 3798

QualityStocks News - Dominovas Energy (DNRG): Report Forecasts 50% Growth in SOFC Market By 2020


Released On: 3/9/2016
Views: 3050

QualityStocks News - FlexWeek (FXWK) taps the Access Economy with its Peer-to-Peer Timeshare Rental Platform


Released On: 3/8/2016
Views: 3224

QualityStocks News - Alternet Systems (ALYI) Mining Shareholder Value in Age of Information Overload


Released On: 3/2/2016
Views: 2858

QualityStocks News - Agora Holdings (AGHI) Announces Release of Enhanced FRAME Social Media Management Software for Business Use


Released On: 3/1/2016
Views: 4130

QualityStocks News - Star Mountain Resources (SMRS) Stands to Reap the Rewards of Last Year’s Business Acquisition


Released On: 2/25/2016
Views: 2634

QualityStocks News - Immune Therapeutics, Inc. (IMUN) is “One to Watch”


Released On: 2/24/2016
Views: 2836

QualityStocks News - Nutra Pharma Corporation (NPHC) Presenting at the SeeThruEquity & The Brewer Group 2nd Annual Innovations Investor Conference


Released On: 2/19/2016
Views: 7771

QualityStocks News - GTX Corp. (GTXO) Has You Covered 24/7 with Expert GPS Monitoring Technology


Released On: 2/18/2016
Views: 2851

Load More wait

Map

Quality Stocks

Get Directions

Quality Stocks

  • 3370 N. Hayden Rd., Suite 123-591
    Scottsdale, Arizona 85251
    United States
  • 480-374-1336
  • Monday through Friday