PortfolioDirect Weekly Investment Report

John Robertson


Large commodity price rises last week recovered only a tiny proportion of lost ground leaving the overall cyclical position little changed. A further global growth downgrade from the IMF left the sector at risk of having to reduce its estimates of raw material demand. The open question after the week’s rally is whether the demand for risk will carry further into the end of the year. As long as the near term preparedness to incur risk is simply a readjustment to excessive prior selling, the answer will most likely be “no”. The stronger commodity prices and their associated equities remain on parlous ground if they are relying on the support of a Federal Reserve clearly committed to raising interest rates at the first opportunity. Companies recently reviewed include Antilles Oil and Gas, Northern Iron and Pura Vida Energy. 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...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.