PIMCO’s Mohamed El-Erian and Bill Gross were back in front of the media again on Wednesday with their latest predictions on two key economic matters – Greece and QE3.
El-Erian spoke with reporters in Taipei, Taiwain via a video conference, where he stated that “For the next three years, we’re going to see different economies work out different problems. For European economies, especially Greece, it would be through default.” He did not mention any other specific nations besides Greece, however.
El-Erian went on to say that “Nothing has been done to enhance growth. No single (Greek) indicator has shown strength. They are afraid a restructuring would hurt European banks.”
On the firm’s Twitter account, Gross and El-Erian wrote that “Next Jackson Hole in August will likely hint at QE3 / interest rate caps.”
Platinum Group Metals Reports Acceptance of WBJV Mining Rights Application
Platinum Group Metals (PLG.NYSE AMEX) announcement that the South African Department of Mineral Resources (DMR) has accepted the Company’s application for a mining right for the WBJV Project 1 Platinum Mine. This development indicates that the company has complied with submission requirements and can now proceed with the completion and submission of its Environmental Impact Assessment (EIA) and Environmental Management Programme Report.
On March 28, the emerging platinum producer received the consent of the South African Department of Mineral Resources for the company's detailed underground development plans and environmental management program, including the mining of a bulk sample. Civil engineering contractors are mobilizing and development is advancing on the project, which is strategically located on the world’s most prolific platinum-producing belt.
Platinum Group Metals is also conducting exploration work on its Canadian properties located near Thunder Bay, Ontario. Full Platinum Group Metals News Release.
PLATINUM TO FOLLOW SILVER?
