Resource Sector Strategy – Weekly Investment Report

John Robertson

PortfolioDirect

The commentary this week is about sources of slowing global growth and the likelihood of a more prolonged cyclical adjustment. This was not by design but just the bias in the data flow. Scarcer sources of momentum improvement are showing up in weakening metal usage statistics. Strong price gains among the explorers in the recommended Phase I portfolio showed the strength of bottom of the cycle leverage. Even after 20%+ rises, prices remain anchored near cyclically low points. Several changes were made to recommended positioning. Among the explorers, Stavely Minerals was deleted in favour of Elementos. PanAust made way for South32. The PortfolioDirect report is available here (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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