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Why There’s Still Opportunity in the Resource Sector
Here’s a headline that should send shivers down the collective spine of the Aussie resources industry:
‘Goldman Sees at Least 15% Losses for Gold, Iron Ore‘
So says Bloomberg, reporting on the Goldman Sachs commodity outlook for 2014. It takes a brave investor to bet against Goldman Sachs.
For resource companies, a bearish commodities report from Goldman Sachs is like bumping into the Grim Reaper in a dark alley.
So, what does this mean for commodities and commodity stocks next year? It may surprise. It means one word: opportunity. But it won’t be for everyone…
There’s an old saying that investors shouldn’t bet against central banks because they can last longer in the market than you.
Those investors who tried to short sell the market over the past few years have learned that lesson to their cost. Just when it seemed as though the market was about to collapse, the central bank cavalry came to the rescue.
We expect that to continue for a long time to come as they try to manipulate stock prices gradually higher.
Read the rest of this article at Money Morning
