Every man and his dog says buy miners

Tuesday, 27 June 2017

First, Market Matters (whoever they are):

According to Market Matters analysts it’s not a crazy idea. Miners traditionally outperform during the upcoming period and after considerable pressure there could be a buying opportunity in some mining names.

“Locally the market continues to underperform with stocks down by 1 per cent last week versus the US which was up by 0.3 per cent, however we’re starting to see some interesting trends bubble away in terms of commodities, ahead of what’s a typically strong period for our miners,” Market Matters analysts said.

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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.