The Australian resources sector lost its momentum through the September quarter with prices adding 22% after dropping 6% in September
John Robertson
PortfolioDirect
The Australian resources sector lost its momentum through the September quarter with prices adding 22% after dropping 6% in September. With prices now at the same level as in the depth of the 2008 financial crisis and having made no net gain for five months, the sector remains poised precariously - consistent with both the beginnings of a cyclical recovery and a continuation of a downtrend which is now nearly three years old. The most recent flow of macroeconomic data point to the necessary market adjustments moving in the right direction but investor fatigue is now one of the greatest threats after so few examples in the past three years of companies offering competitive returns. But the reason to keep interested remains: the bulk of the sector has always had extraordinary leverage to an improvement in global growth.
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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.
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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