Press Release Summary: Private Equity Placement report on mining stock as precious metals resumes their upward trend.
Press Release Body: The resurgence in precious metals prices have apparently prompted Private Equity Placement to, once again, reiterate their faith in the junior mining companies as a leveraged play on the underlying commodities.
Private Equity Placement believe that, following oversold conditions, gold and silver have returned to technical moving averages. A source close to the firm said that several miners have found favor with the European-based wealth manager. “Shares in these miners have sold off quite heavily in the last weeks in line with the general decline in metals prices and now offer fantastic opportunities for superb returns.
“Gold and silver have been used as currency for thousands of years and are still recognized as hedges against inflation which is likely to worsen into 2009”, he said.
Private Equity Placement are apparently convinced that inflationary pressures in developed economies will continue to increase as global central banks struggle to maintain growth while keeping a lid on rising prices .
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2022
