Press Release Summary = Gold-MiningStocks.com - Endeavour Silver Corp., Newmont Mining Corp., and Canarc Resource Corp. Shed Light On the Impact of ETFs
Press Release Body = Exchange Traded Funds: Are They Worth Their Weight In Gold?
Gold-MiningStocks.com - Endeavour Silver Corp., Newmont Mining Corp., and Canarc Resource Corp. Shed Light On the Impact of ETFs
POINT ROBERTS, WA, Delta B.C. - May 03, 2006 - www.Gold-MiningStocks.com (GMS), an investor and industry portal for the gold and mining sector, is pleased to present, "Exchange Traded Funds: Are They Worth Their Weight In Gold?" As silver's ETF made its way across trading floors at the American Stock Exchange last week, investors might wonder whether or not this is going to have real impact on the price of silver over the upcoming period. Endeavour Silver Corp., Newmont Mining Corp., Canarc Resource Corp. and Jon Nadler Investment Products Analyst for Kitco Bullion Dealers, offer their take on how the ETFs help to position the commodities in today's market.
Hugh Clarke, Director of Investor Relations at Endeavour Silver Corp. (TSX:EDR; OTC.PK: EDRGF) says, "as we've talked about for years, silver does follow the gold price. But once silver starts to be affected by its own dynamic and fundamentals, where the supply and demand or an ETF comes in, it starts to take on a life of its own."
Seth Foreman, Senior Analyst for Investor Relations at Newmont Mining Corp. (NYSE: NEM) lent comment that, "Exchange traded funds have grown to play a very large role in the gold industry and as more ETFs are launched in various commodities, their roles will continue to grow. The various gold ETFs around the world have grown to hold more than 16 million ounces of gold, approximately $10 billion in value."
Gregg Wilson, Manager of Investor Relations at Canarc Resource Corp. (OTCBB: CRCUF) believes that, "the success of the gold ETF very clearly demonstrates gold\'s strong investment value. In fact, the gold ETF has exceeded forecasts of its popularity. The oil price has been a driver in the strong gold market but is certainly not the only one."
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GMS also includes one of the most comprehensive free mining stock lists in the investment industry: http://www.Gold-MiningStocks.com/Gold_Stocks/Stocks_List.asp Canarc Resources Corp. (OTC BB: CRCUF) and Endeavour Silver Corp. (TSX: EDR; OTC.PK: EDRGF) are featured sponsors of the Gold-MiningStocks.com portal and compensate the portal accordingly as disclosed below in disclaimer. Priority Membership: InvestorIdeas.comT investor and industry research resource portals, membership allows you to be at the top of our list to be the first to know what is happening in industry and sector trends. http://investorideas.com/membership/ InvestorIdeas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. GMS is compensated by Canarc Resource Corp (OTCBB: CRCUF) two thousand five hundred per month. Endeavour Silver Corp. (TSX: EDR; OTC.PK: EDRGF) two thousand five hundred per month. For more information contact: Dawn Van Zant 800.665.0411 Jennifer Lee 888.348.3033 Email: dvanzant@investorideas.com, or jlee@investorideas.com Web Site: www.InvestorIdeas.comT
Contact Details = For more information contact: Dawn Van Zant 800.665.0411 Jennifer Lee 888.348.3033 Email: dvanzant@investorideas.com, or jlee@investorideas.com Web Site: www.InvestorIdeas.comT
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