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What Resource Investors Could Learn from the Tech Bust…
You’ve probably heard that the resources boom is over.
You’ve probably heard that because, heck, we’re pretty sure we’ve told you that once or twice in recent months.
We’re not the only ones to give you that message. The death of the commodity boom or resources boom is all over the mainstream press.
And even though we’ve recommended buying beaten-down resource stocks since the market bottomed in late-June, we’ve been careful to point out that we’re not predicting the birth of a new resources boom.
We simply see the resource sector returning to ‘more normal’ conditions. By that we mean that not every resource stock will go up. Instead, given recent history, investors will be fussy about which stocks to back.
That’s good news for small-cap mining stocks with a potentially quality resource.
However, there is a school of thought – a small school of thought – that believes the recent resource stock rout is just a blip on a multi-decade boom. If true, it could be a spectacular change of fortune for resource stocks.
But what’s the source of the belief in a new commodity boom? Well, it’s all thanks to a man the Soviet Union murdered in 1938…
Read the rest of this article at Money Morning
