Stocks and Shares

The commodities supercycle is 'not dead, just resting'

Great buying opportunities for commodities investors
ashanti.jpg

Chairperson and chief executive of CEF Holdings, Warren Gilman, says markets are ill-advised to sell stocks, bonds and commodities all at the same time and that the 'knee-jerk' reactions to recent comments by Federal Reserve chairperson Ben Bernanke and Chinese economic data will provide great buying opportunities for commodities investors.

He spoke of gold specifically, and recommended "to look in the neighbourhood of $1 200 – $1 250 as a buying opportunity."

Gilman had recently returned from a mining conference in Barcelona, where CEOs of mining giants such as Glencore Xstrata remained committed to holding off on big, expensive new projects.

Putting large mining projects on ice is a "self-serving" move, he explained, as the delays will reduce supply and eventually drive prices up once again.

"The commodities boom is not dead, it's just resting."

comments powered by Disqus

RW1
R1
R1
R1

This edition

Issue 35
Current


Archive


Mining_Magazine Do we need more nuclear energy going forward? https://t.co/yOmktfT81v https://t.co/Xk04ZUZcjV 8 days - reply - retweet - favorite

Mining_Magazine The Big Time Strategic Group BBQ Awards will be hosted at Emperors Palace, on the 20 October 2017. Read more… https://t.co/R5IdLMb0fm 8 days - reply - retweet - favorite

Mining_Magazine Thandeka Molakeng is the new Head of Sales for BASF’s Performance Material Division in Africa… https://t.co/C4bSDeemNr 13 days - reply - retweet - favorite

  • Kenneth Pasipamire
  • Sphelele Makhoba
  • Lebohang Masisi Andrew
  • Sanele Mtshali