Here are the key points from the latest PortfolioDirect investment report
Here are the key points from the latest PortfolioDirect investment report. Cyclical positioning has not improved. A steep rise in the US dollar is hindering higher commodity prices. Further signs of improving prospects in Europe and the USA are evident but the Chinese leadership is showing less confidence about prospects there. Nervousness about the potential for monetary tightening in the USA ended up dominating the week with bonds, equities, commodities and currencies reacting in unison to a larger than expected employment rise in February. The risk for gold equity prices - highlighted for several weeks - increased. Larger cap and iron ore related stocks showed additional weakness in a declining market. Portfolio recommendations were adjusted to take account of the rising risk to the prices of gold equities. (VIEW LINK)
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
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