The Safe-Haven Gold Rally Has Shaky Footing
Resurgent investor demand for gold rests on tenuous circumstances.Historically, "safe haven" rallies have proved short-lived, and we see near-term...
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Newcrest Result Declines With Prices but Meets Our Expectations, Fair Value Maintained
Adjusted first-half fiscal 2016 net profit after tax of USD 63 million was a 65% decline on a year ago but in line with our forecast.Newcrest...
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Top 5 Macro Trades in 2016Q1
This is a very short note on my top 5 trade recommendations in 2016 after the close of 2015 based on my previous note of 2016 outlook (i.e. be...
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Rate-Hike Worries Create a Golden Opportunity in Mining Stocks
Fed rate hike worries have created an opportunity to buy gold miners at a discount. The market is rightly concerned about the impact of higher...
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The Outlook for Copper Prices Is Worse than Most Think
The outlook for copper prices is worse than most think. Battered copper mining stocks may now screen as cheap, but we see further...
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