New York, New York (PressExposure) August 16, 2009 -- "Mann International" sources say that the Asian-based broker fully expects the UK's central bank's extension of its quantitative easing program to be emulated by the US Federal Reserve and that such an event could be very bullish for miners.
"Mann International" believes that the harmful effects of quantitative easing and loose monetary policy have increased the potential for a sharp rise in the stocks of mid-cap and junior mining concerns.
Of special interest to the firm are junior miners extracting gold, silver and platinum. One of the sources suggested that the bullish outlook continues for precious metals as global governments try to contain the specter of deflation they believe poses such a threat to the global economy.
Gold, copper, aluminum and platinum prices have risen steadily as investors turn to hard assets and away from treasuries and agency debt and, while "Mann International" believes that a pullback in prices cannot be ruled out in the short-term, their standing advice to clients continues to advocate stocks in the mining firms it profiles in its weekly and monthly emails.
One of the "Mann International" sources added that the best was to come for those holding mining stocks for the medium to long-term as the recovery of emerging markets gathered pace ahead of those is developed nations.