QE Not Helping Miners: Weekly PortfolioDirect Report

John Robertson

PortfolioDirect

Central bank liquidity is having a relatively minor impact on the global output growth rates critical to changing perceptions about resource sector outcomes. Equity markets most susceptible to liquidity flows (such as those in Europe, Japan, the USA and China) are benefiting from accommodative monetary policies despite contrary movements in the real economy. That leaves mining sector investments on the outer. Exploration stage companies remain the least popular part of an unpopular sector. This week’s PortfolioDirect investment report updates views on three Phase I companies - Peel Mining (PEX:AX), Elementos (ELT:AX) and Pura Vida (PVD:AX) - each of which has attributes which place it ahead of its industry peers in terms of its capacity to meet exploration and development targets. The PortfolioDirect weekly investment 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...

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