Copper, Zinc, Gold & Silver - Albania

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Message: North American Miners Receive Bump As European Union Summit Falters – via Prospe

At this week’s European Union summit, the reaction upon Germany’s rejecting further injections into the region’s current bailout were swift, as European stocks tumbled at the mere mention of holding back.

This pull back plus recent North American downswings have left investors with a field of bargains to choose from in the aftermath. But among the sour news, those embedded in the metals sector are seeing hopeful signs on the horizon, with commodities like copper once again strengthening, and the fact that more stimulus has yet to hit the market from the European central banks in question. It’s at these low points that a strong move can emerge.

While increases in the money supply typically lead to increases in metal prices, it’s worthwhile to look at North American entities that stand to gain from operating in the European countries with depreciating economies. Operating costs become relatively lower, and opportunities to expand land positions open up.

Read the rest of the story on ProspectingJournal.com

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