Report Date: 1 June 2015


Where are we in the Cycle?
The gap measuring the difference between historical and actual metal prices at the same point in the cycle was as wide as ever at the end of May.  Indications of metal price weakness persist although the first tentative signs of a lull in US oil production growth are being seen.         More...

Market Directions
Falling sector volatility has helped stabilise index values.  Within the sector, there is mounting evidence of individual stocks trading toward the upper end of recent ranges - but not by enough to support more generalised price increases.    More...

Portfolio Performance and Positioning
Phase II stocks showed the strongest portfolio gains in the past week with several examples of bottom of the cycle leverage being reflected in sharp price increases as sentiment has improved.  No additions or deletions were made to the recommended portfolios.  More...

Stock Reviews and Rating Analysis  More...

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DAILY BRIEFING: The PortfolioDirect market diary offers brief thoughts on current issues affecting sector investment strategies.

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. 

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