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Opportunities In The Resource Sector
Natural resource veteran Rick Rule was in town last week and declared 800 of Australia’s mining companies mostly garbage.
That’s a pretty big call, but probably right.
We trust his judgement. If you’re unfamiliar with his name, Rick Rule has been investing in natural resources for over forty years.
He spoke for free to a select group of Port Phillip Publishing subscribers. Suffice to say, he’s seen the same cycles play out over and over again.
But don’t be misled by our opening comment. He sees plenty of opportunity in Australian resource stocks. Some of the news this week would suggest he’s right. He doesn’t appear to be alone, either…
Major Companies Still Interested in Australia
One reason the Aussie dollar appears to be holding up better than expected is that there is still foreign investment money flowing into Australia.
That’s bucking a global trend of declining foreign investment, according to a new OECD report. From all accounts, this is mostly resource related in the case of Australia.
You might remember a few weeks ago we mentioned some of the international energy majors showing interest in Australia’s oil and gas sector.
Read the rest of this article at Money Morning
