Materials Analyst/Strategist, Janus Analysis

Gaius King

Materials Analyst/Strategist

Janus Analysis

Thematic (Sector/Industry)

<ul>
<li>We examine at what stage the current commodities Supercycle exists</li>
<li>Using BoC data, it appears that three of four commodity trends are declining</li>
<li>Last BoC commodity trend a lagging indicator that has historically confirmed peak demand</li>
<li>When base materials decline, gold usually comes to the fore</li>
<li>Chinese stimulus coming, good for iron ore but little else</li>
<li>
<a href="https://www.smartkarma.com/entities/gold-road-resources-ltd" target="_blank" data-smartkarma-citation="entities:6698:1" rel="noopener">Gold Road Resources (GOR AU), </a><a href="https://www.smartkarma.com/entities/lynas-corp-ltd" target="_blank" data-smartkarma-citation="entities:20374:1" rel="noopener">Lynas Corp Ltd (LYC AU), </a><a href="https://www.smartkarma.com/entities/wesfarmers-ltd" target="_blank" data-smartkarma-citation="entities:1104:1" rel="noopener">Wesfarmers Ltd (WES AU), </a><a href="https://www.smartkarma.com/entities/glencore-plc" target="_blank" data-smartkarma-citation="entities:764:1" rel="noopener">Glencore Plc (GLEN LN), </a><a href="https://www.smartkarma.com/entities/freeport-mcmoran-inc" target="_blank" data-smartkarma-citation="entities:12491:1" rel="noopener">Freeport Mcmoran (FCX US), </a><a href="https://www.smartkarma.com/entities/mmg-ltd" target="_blank" data-smartkarma-citation="entities:13961:1" rel="noopener">Mmg Ltd (1208 HK), </a><a href="https://www.smartkarma.com/entities/teck-resources-ltd" target="_blank" data-smartkarma-citation="entities:25419:1" rel="noopener">Teck Resources (TECK/B CN), </a><a href="https://www.smartkarma.com/entities/alumina-ltd" target="_blank" data-smartkarma-citation="entities:939:1" rel="noopener">Alumina Ltd (AWC AU), </a><a href="https://www.smartkarma.com/entities/coal-india-ltd" target="_blank" data-smartkarma-citation="entities:9117:1" rel="noopener">Coal India Ltd (COAL IN), </a><a href="https://www.smartkarma.com/entities/hindustan-zinc-ltd" target="_blank" data-smartkarma-citation="entities:8688:1" rel="noopener">Hindustan Zinc (HZ IN), </a><a href="https://www.smartkarma.com/entities/southern-copper-corp" target="_blank" data-smartkarma-citation="entities:16279:1" rel="noopener">Southern Copper (SCCO US), </a><a href="https://www.smartkarma.com/entities/gold-fields-ltd" target="_blank" data-smartkarma-citation="entities:25109:1" rel="noopener">Gold Fields Ltd (GFI SJ),</a> <a href="https://www.smartkarma.com/entities/maverix-metals-inc" target="_blank" data-smartkarma-citation="entities:28296" rel="noopener">Maverix Metals Inc (MMX CN)</a>, <a href="https://www.smartkarma.com/entities/red-5-ltd" target="_blank" data-smartkarma-citation="entities:7940:1" rel="noopener">Red 5 Ltd (RED AU), </a><a href="https://www.smartkarma.com/entities/kidman-resources-ltd" target="_blank" data-smartkarma-citation="entities:13917:1" rel="noopener">Kidman Resources (KDR AU), </a><a href="https://www.smartkarma.com/entities/pensana-metals-ltd" target="_blank" data-smartkarma-citation="entities:2106:1" rel="noopener">Pensana Metals (PM8 AU), </a><a href="https://www.smartkarma.com/entities/azumah-resources-ltd" target="_blank" data-smartkarma-citation="entities:5124:1" rel="noopener">Azumah Resources (AZM AU), </a><a href="https://www.smartkarma.com/entities/goldphyre-resources-ltd" target="_blank" data-smartkarma-citation="entities:1938:1" rel="noopener">Australian Potash (APC AU), </a><a href="https://www.smartkarma.com/entities/golden-rim-resources-ltd" target="_blank" data-smartkarma-citation="entities:8395:1" rel="noopener">Golden Rim Resources (GMR AU), </a><a href="https://www.smartkarma.com/entities/neometals-ltd" target="_blank" data-smartkarma-citation="entities:4946:1" rel="noopener">Neometals Ltd (NMT AU), </a><a href="https://www.smartkarma.com/entities/venus-metals-corp-ltd" target="_blank" data-smartkarma-citation="entities:10142:1" rel="noopener">Venus Metals Corp (VMC AU), </a><a href="https://www.smartkarma.com/entities/s2-resources-ltd" target="_blank" data-smartkarma-citation="entities:1139:1" rel="noopener">S2 Resources (S2R AU), </a><a href="https://www.smartkarma.com/entities/canyon-resources-ltd" target="_blank" data-smartkarma-citation="entities:15927:1" rel="noopener">Canyon Resources (CAY AU), </a><a href="https://www.smartkarma.com/entities/lucapa-diamond-co-ltd" target="_blank" data-smartkarma-citation="entities:7068:1" rel="noopener">Lucapa Diamond (LOM AU),</a> Piedmont Lithium (ASX: PLL), <a href="https://www.smartkarma.com/entities/lion-one-metals-ltd" target="_blank" data-smartkarma-citation="entities:28159:1" rel="noopener">Lion One Metals Ltd (LLO AU), </a><a href="https://www.smartkarma.com/entities/ausmex-mining-group-ltd" target="_blank" data-smartkarma-citation="entities:11167:1" rel="noopener">Ausmex Mining Group (AMG AU),</a> <a href="https://www.smartkarma.com/entities/bardoc-gold-ltd" target="_blank" data-smartkarma-citation="entities:4833" rel="noopener">Bardoc Gold (BDC AU)</a>, <a href="https://www.smartkarma.com/entities/vango-mining-ltd" target="_blank" data-smartkarma-citation="entities:19897:1" rel="noopener">Vango Mining (VAN AU), </a><a href="https://www.smartkarma.com/entities/dateline-resources-ltd" target="_blank" data-smartkarma-citation="entities:19564:1" rel="noopener">Dateline Resources (DTR AU),</a> Galena (ASX: G1A), <a href="https://www.smartkarma.com/entities/zyl-ltd" target="_blank" data-smartkarma-citation="entities:2971:1" rel="noopener">Hawkstone Mining (HWK AU),</a> <a href="https://www.smartkarma.com/entities/ntm-gold-ltd" target="_blank" data-smartkarma-citation="entities:19562" rel="noopener">NTM Gold (NTM AU)</a>, <a href="https://www.smartkarma.com/entities/xanadu-mines-ltd" target="_blank" data-smartkarma-citation="entities:1270:1" rel="noopener">Xanadu Mines (XAM AU),</a> <a href="https://www.smartkarma.com/entities/alt-resources-ltd" target="_blank" data-smartkarma-citation="entities:28297" rel="noopener">ALT Resources Ltd (ARS AU)</a> , <a href="https://www.smartkarma.com/entities/exore-resources-ltd" target="_blank" data-smartkarma-citation="entities:16357" rel="noopener">Exore Resources (ERX AU)</a>, <a href="https://www.smartkarma.com/entities/spectrum-metals-ltd" target="_blank" data-smartkarma-citation="entities:2237" rel="noopener">Spectrum Metals (SPX AU)</a>, <a href="https://www.smartkarma.com/entities/northern-minerals-ltd" target="_blank" data-smartkarma-citation="entities:20445:1" rel="noopener">Northern Minerals (NTU AU),</a> <a href="https://www.smartkarma.com/entities/bowen-coking-coal-ltd" target="_blank" data-smartkarma-citation="entities:17492" rel="noopener">Bowen Coking Coal (BCB AU)</a>, <a href="https://www.smartkarma.com/entities/syndicated-metals-ltd" target="_blank" data-smartkarma-citation="entities:1219:1" rel="noopener">Syndicated Metals (SMD AU), </a><a href="https://www.smartkarma.com/entities/minotaur-exploration-ltd" target="_blank" data-smartkarma-citation="entities:20909:1" rel="noopener">Minotaur Exploration (MEP AU), </a><a href="https://www.smartkarma.com/entities/oro-verde-ltd" target="_blank" data-smartkarma-citation="entities:5298:1" rel="noopener">Oro Verde Ltd (OVL AU), </a><a href="https://www.smartkarma.com/entities/superior-lake-resources-ltd" target="_blank" data-smartkarma-citation="entities:15163:1" rel="noopener">Superior Lake Resources (SUP AU)</a> </li>
</ul>


We examine at what stage the current commodities Supercycle exists
Using BoC data, it appears that three of four commodity trends are declining
Last BoC commodity trend a lagging indicator that has historically confirmed peak demand
When base materials decline, gold usually comes to the fore
Chinese stimulus coming, good for iron ore but little else

Gold Road Resources (GOR AU), Lynas Corp Ltd (LYC AU), Wesfarmers Ltd (WES AU), Glencore Plc (GLEN LN), Freeport Mcmoran (FCX US), Mmg Ltd (1208 HK), Teck Resources (TECK/B CN), Alumina Ltd (AWC AU), Coal India Ltd (COAL IN), Hindustan Zinc (HZ IN), Southern Copper (SCCO US), Gold Fields Ltd (GFI SJ), Maverix Metals Inc (MMX CN), Red 5 Ltd (RED AU), Kidman Resources (KDR AU), Pensana Metals (PM8 AU), Azumah Resources (AZM AU), Australian Potash (APC AU), Golden Rim Resources (GMR AU), Neometals Ltd (NMT AU), Venus Metals Corp (VMC AU), S2 Resources (S2R AU), Canyon Resources (CAY AU), Lucapa Diamond (LOM AU), Piedmont Lithium (ASX: PLL), Lion One Metals Ltd (LLO AU), Ausmex Mining Group (AMG AU), Bardoc Gold (BDC AU), Vango Mining (VAN AU), Dateline Resources (DTR AU), Galena (ASX: G1A), Hawkstone Mining (HWK AU), NTM Gold (NTM AU), Xanadu Mines (XAM AU), ALT Resources Ltd (ARS AU) , Exore Resources (ERX AU), Spectrum Metals (SPX AU), Northern Minerals (NTU AU), Bowen Coking Coal (BCB AU), Syndicated Metals (SMD AU), Minotaur Exploration (MEP AU), Oro Verde Ltd (OVL AU), Superior Lake Resources (SUP AU) 


New J Hutton – Exploration Report (Weeks Ending 30/08/19)

Australia

Discovex Resources Limited provides mining services. The Company explores and develops projects for copper, molybdenum, gold, base metals and uranium. Discovex Resources serves customers in Australia.

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Syndicated Metals (DCX AU)

New J Hutton – Exploration Report (Weeks Ending 30/08/19)

We examine at what stage the current commodities Supercycle exists Using BoC data, it appears that three of four commodity trends are...

Gaius King

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