Exchange Rates to Set Metal Price Direction
Metal prices have been rallying as the U.S. dollar has turned down. Without supportive global growth momentum, the mining industry will have to rely on a continuation of unlikely exchange rate movements for ongoing improvement in metal prices. This is the ‘Where are we in the Cycle’ theme from this week’s PortfolioDirect weekly report 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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