Archives for March, 2015
It is widely accepted that hard commodity prices (metals, minerals and energy) move in long cycles. Each leg, up and down, lasting for 10 to 15 years. It is though that the up leg of the current cycle ended around 2013 and many say we are in the early stage…
Last month I concluded that the fall in the Baltic Dry Index was demand related. The oil price (Brent and West Texas Intermediate) suffered a similar precipitous decline over the same period. We have all read numerous theories on why the oil price has declined so much. Some examples: The…
For most of my professional life I have worked as a director of junior exploration/mining companies. The most difficult task, as director of a junior, is raising capital during a resource sector bear market. Brokers and investors have negligible interest in listening to your story. It is even worse if…