Financial Update: Private Equity Placement – Junior Miners To Soar
Private Equity Placement target undervalued Junior Mining Firms after Gold surges (PressReleasePoint) Sources close to Private Equity Placement have reportedly advised clients to buy stock in selected junior mining firms. Private Equity Placement are thought to have reasserted their recommendation following gold’s recent surge in price. The unidentified source opined that Private Equity Placement see undervalued shares in companies in the sector as being on the cusp of a major upturn as the US financial system lurches from crisis to crisis. Private Equity Placement has apparently alluded to the fact that the supply of gold continues to wane as mining companies, particularly in South Africa, struggle to reach production targets partly owing to power outages that continue to dog the state-owned generator. Gold has recently revisited the $990 an ounce peak, buoyed by a weaker dollar and concern over the ability of mortgage giants Fannie Mae and Freddie Mac to secure additional capital. Major investment firms, such as Private Equity Placement, are predicting that prices will top $1,000 an ounce again very shortly while the stock in junior miners remains cheap by comparison. According to a source, Private Equity Placement believe that these companies represent fantastic opportunities to gain significant exposure to leverage on gold.
Source: Press Release Point Website: www.pressreleasepoint.com