Report Date: 6 March 2017

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Contents

Where are we in the Cycle?
A structural decline in the proportion of U.S. goods producing jobs has become a constraint on global growth, the missing ingredient in the next stage of a cyclical expansion.   More...

Market Directions
Janet Yellen's guidance about future rises in the Fed Funds rate did not worry markets but puts an upward bias on the U.S. dollar which will detract from the momentum of metal prices and make escape from the sector cyclical trough more difficult.   More...

Portfolio Performance and Positioning
The resources sector momentum decline became clearer with resulting losses in the majority of portfolio recommended stocks as well s in the broader market.  Relatively high cash positions are retained as the market begins to weaken.  More...

Stock Reviews and Rating Analysis 
PortfolioDirect rating reports analyse the quality and risk attributes of proposed mineral developments.  Rating criteria apply to mining and oil and gas stocks at any stage of development.  PortfolioDirect uses a five point rating scale to measure the risk adjusted quality of proposed mineral developments or companies.    
For company reports & ratings...

The 'Steak or Sizzle' blog provides summary judgements on the top performing ASX-listed resources stocks. More...

Exploration Watch. Which exploration results are the most exciting, the most disappointing and the most anticipated?  More...

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Although the statements of fact in this communication have been added from and are based upon sources E.I.M. Capital Managers Pty Ltd, the publisher, believes to be reliable, their accuracy is not guaranteed and any such information may be incomplete or condensed. 

All opinions and estimates in this communication constitute judgments by E.I.M. Capital Managers as of the date of this communication and are subject to change without notice.  The publisher is under no obligation to make public any change in view about any matter referred to in this or any linked documents.

No references to past investment performance should be taken to indicate anything about future performance.

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