Report Date: 13 March 2017

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Contents

Where are we in the Cycle?
Success or failure in implementing the Trump policy agenda is likely to create additional market volatility at a critical time in the evolution of the resource sector cycle.   More...

Market Directions
Interest rate policy in the USA and Europe regained some attention as commodity prices slid lower.   More...

Portfolio Performance and Positioning
Mounting losses in sector equity prices over the past month have eroded portfolio gains.  Explorers which have generally not participated in the upside have been relatively strong within the context of weakening markets.  No portfolio changes have been suggested in the past week.  Reflecting judgments about near-term price action and cyclical positioning, cash positions remain high.  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 report have been added from and are based upon sources the authors of the report believe to be reliable, their accuracy is not guaranteed and any such information may be incomplete or condensed.  To the extent permitted by law, the authors of the report are not liable for any loss or damage arising as a result of reliance placed on the contents of this report.  

All opinions and estimates in this communication constitute judgments by the authors at the report date and are subject to change without notice.  The report publisher is under no obligation to make public any change in view about any matter referred to in this document.    

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

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