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by Zig Lambo of The Gold Report, Gold Seek:
While the junior mining sector has not seen the benefits of higher gold prices, there is reason for optimism, says Vikas Ranjan, managing director and principal, Ubika Research. In this Gold Report interview, Ranjan lays out his case why juniors with quality projects should bump up.
The Gold Report: When you spoke with us last year, you talked about Europe’s financial problems being a policy issue. Are they any closer to a solution to the debt crisis there and is the situation in the U.S. parallel to that?
Vikas Ranjan: I think there’s been progress made toward solving the debt crisis in Europe and also in the U.S., which is a different ball game. When I said Europe is more like a policy problem, I meant that it’s not a problem that just came up one fine day. A monetary union without any proper fiscal union creates a situation where weaker countries can hide under a stronger currency and run big deficits, and at the same time don’t have the flexibility of using cheaper currency when they get into trouble. That has been the case with countries like Greece, Italy, Portugal and Ireland.
2012-11-11 12:27:53
Source: http://sgtreport.com/2012/11/flight-to-quality-key-to-junior-mining-investing/