29 January 2018
Where are we in the Cycle?
The industry is emerging from a cyclical trough but may not have enough
momentum for a genuine cyclical upswing without stronger global growth which
is nearing peak rates already without an evident source of further
strengthening. US dollar weakness currently favours higher metal prices.
More...
Market Directions
Currency movements have conspicuously altered the forces affecting metal
prices which are near the peak values reached over the past year. Gold
prices have especially benefitted. The smallest companies are the least
likely to have benefitted from the exchange rate effects on the sector which
has shown less currency leverage than in the past.
More...
Portfolio Performance and Positioning
Larger and more liquid stocks tended to produce stronger returns over
the past week although the exploration segment of the portfolio has remained
the strongest part for the duration of January. Companies reporting
exploration successes have led the exploration group which has also
benefitted from generally improved market sentiment. The portfolio retains a
large cash holding reflecting the PortfolioDirect reading of the stage of
the economic cycle.
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.
More...
The 'Steak or Sizzle' blog provides summary judgements on
the top performing ASX-listed resources stocks.
More...