PortfolioDirect Weekly Investment Report
John Robertson
PortfolioDirect
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)
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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...
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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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