Sorry folks, mining is not “at the bottom”

Monday, 5 October 2015

The signals we are seeing pointing toward a bottoming of the sector are sounding very loudly right now.

Debate over the bottom of the resources market is not new; London investment firm Baker Steel declared that it had seen the bottom of the cycle in January when it revealed plans to raise 100 million pounds to spend on depressed mining and energy stocks.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.