Commodity markets still moving along trough of cycle
John Robertson
PortfolioDirect
Here are the key points from the latest PortfolioDirect investment report. There has been no improvement in overall cyclical positioning with commodity markets still classified as moving along the trough of the cycle. Exchange rate movements are playing an increasingly prominent role in investment decision making since currency markets are one of the few available release valves allowing relative price adjustments to central bank efforts to bid up financial asset prices. Oil, gold, European equities, Japanese equities and S&P 500 versus and the Russell 2000 were driven increasingly by exchange rate movements in the past week. Larger resources stocks performed better than the smaller cap companies. The Phase I group continues to face strong headwinds - unable to raise capital without exploration success and unable to find exploration success without adequate funding. There were no portfolio changes recommended in the past week. (VIEW LINK)
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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 strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
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
John Robertson
PortfolioDirect
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
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