Contents
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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Fitzroy Resources Limited (FRY:AU)
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Manas Resources Limited (MSR:AU) ~ update
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Malabar Coal Limited (DYL:AU) ~ update
DAILY BRIEFING: The PortfolioDirect market diary offers brief thoughts on
current issues affecting sector investment strategies.
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