Resource Sector Strategy – Weekly Investment Report
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PortfolioDirect
Indicators continue to point to deteriorating cyclical conditions with no evident improvement in growth prospects and a resurgence in the U.S. dollar. Also this week: why bond yields may have already adjusted; and, Euro area growth remains confined to a narrow base reducing the likelihood of an acceleration in activity. A more positive equity market tone helped resource sector prices but the week finished with downward pressure on gold and oil markets. Also: why gold equity prices need more bullion support just to hold steady; and, the connection between earnings and S&P 500 equity prices. There were no recommended portfolio changes. Stock highlight: Universal Coal (UNV:AX) continues to track well against its targeted operational outcomes which anticipate rising production between 2015 and 2019. The company is an unusual example of a profitable coal mine developer with positive value momentum possibly escaping attention because it is servicing the South African market - a big advantage over others in the sector at this point in the cycle. The PortfolioDirect report is available here (VIEW LINK)
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![John Robertson](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBWXc9IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--c2aa664b1ca2f7744d0c90464e98577955b66fe6/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lKYW5CbFp3WTZCa1ZVT2hOeVpYTnBlbVZmZEc5ZlptbHNiRnNIYVFISWFRSEkiLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--a788536266c8d052a67a95e113f2ebbff3ad0a97/f9fff80c906634d4cd45b7e8cf6082d01376379067.png)
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...
Expertise
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![John Robertson](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBWXc9IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--c2aa664b1ca2f7744d0c90464e98577955b66fe6/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lKYW5CbFp3WTZCa1ZVT2hOeVpYTnBlbVZmZEc5ZlptbHNiRnNIYVFISWFRSEkiLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--a788536266c8d052a67a95e113f2ebbff3ad0a97/f9fff80c906634d4cd45b7e8cf6082d01376379067.png)
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...
Expertise
No areas of expertise