After being a big part of the problem for gold, the U.S. Federal Reserve and its chairman, Ben Bernanke, are finally becoming a part of the solution. On Wednesday, Bernanke made clear that the growing concern in the precious metals markets that quantitative easing would begin to taper off were unfounded. Combined with positive comments from miners,�including Newmont Mining (NYSE: NEM ) and Gold Fields (NYSE: GFI ) , the result was a major surge for gold during Thursday's trading session. Making the move all the more interesting is the fact that the miners are outperforming the commodity, an unusual occurrence over the course of this year.
The Fed
On July 10, the Fed minutes were released showing the intense divide which still remains among the central bank's senior officials:�"Others were concerned that stating an intention to slow the pace of asset purchases, even if the intention were conditional on the economy developing about in line with the Committee's expectations, might be misinterpreted as signaling an end to the addition of policy accommodation or even be seen as the initial step toward exit from the Committee's highly accommodative policy stance."
Top Performing Companies To Own For 2014: PS Business Parks Inc.(PSB)
PS Business Parks, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in the acquisition, development, ownership, and operation of commercial properties primarily multi-tenant flex, office, and industrial space. As of December 31, 2007, the company owned and operated approximately 19.6 million rentable square feet of commercial space located in Arizona, California, Florida, Maryland, Oregon, Texas, Virginia, and Washington, as well as managed approximately 1.4 million rentable square feet. It also owned approximately 6.4 acres of land in Northern Virginia; 14.9 acres in Portland, Oregon; and 10.0 acres in Dallas, Texas for the development of commercial properties. PS Business Parks has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent it distributes at least 90% of its REIT taxable income to its shareholders. The company was founded in 1983. It was formerly known as P ublic Storage Properties XI, Inc. and changed its name to PS Business Parks, Inc. in 1998. The company is based in Glendale, California.
Top Performing Companies To Own For 2014: Workspace Group(WKP.L)
Workspace Group PLC, a real estate investment trust (REIT), engages in property investment in the form of letting of business accommodation to small and medium sized enterprises in London and the South East of England. It offers space for serviced offices, offices, studios, workshops, and light industrial units. The company owns 100 estates, comprising approximately 5.77 million square feet, and provides accommodation for 4,000 small businesses in London and the South East. It has a joint venture with Workspace Glebe Limited, which engages in property investment. The company has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes at least 90 % of its REIT taxable income to its share holders. Workspace Group PLC, formerly known as London Industrial PLC, was founded in 1987 and is headquartered in London, the United Kingdom.
5 Best Gold Stocks To Invest In 2014: Eltek Ltd.(ELTK)
Eltek Ltd., together with its subsidiaries, develops, manufactures, markets, and sells printed circuit boards (PCBs), including high density interconnect multi-layered and flex-rigid boards primarily in Israel, Europe, and North America. The company offers a range of custom designed PCBs, such as complex rigid, double-sided, and multi-layer PCBs, as well as flexible circuitrym made of various types of high-performance base material. It offers its products to manufacturers of medical equipment, defense and aerospace equipment, industrial equipment, and telecom and networking equipment, as well as contract electronic manufacturers. The company markets and sells its products through direct sales personnel, sales representatives, and agreements with PCB trading and manufacturing companies. Eltek Ltd. was founded in 1970 and is based in Petach Tikva, Israel.
Top Performing Companies To Own For 2014: Reef Resources Ltd (REE.V)
Reef Resources Ltd. engages in the exploration, development, and production of oil and natural gas in Canada. It owns 23,500 acres of proprietary 3D seismic in Ontario basin. The company was incorporated in 1996 and is based in Calgary, Canada.
Top Performing Companies To Own For 2014: China Coal Corporation (CKO.V)
China Coal Corporation, a development stage company, engages in identifying, acquiring, and developing coal mines in the People�s Republic of China. The company holds interests in a coal bed methane property covering a net area of approximately 1,941 square kilometers in the eastern Dananhu Coalfield, Hami Prefecture, Xinjiang Province. It also has an agreement to acquire a 60% interest in the Mei Feng coal mine located west of Urumqi, Xinjiang. The company is headquartered in Calgary, Canada.
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