madamswer, I do agree. Time to buy resources was actually a few years back, which is what I did. However it was a case of which ones will still be around 4 years later. Fact is many when broke during this time, or dilution was huge. The big gains however were from the bottom till now, the gains from now will be minimal in comparison. However I do not believe that resources are near the top yet. I would not start shorting yet.
Just for example OMH a manganese miner was 10c a year ago and is now $1.30, BUT how much more upside? Definitely not as much as from the bottom to $1.30. The earning are what will drive resources share prices higher, and the prices of commodities are improving.
I say the same with Amcor, the large profits were made from $4 to $11, if you were game to buy during the GFC. However today at $14, I do not see much upside. Maybe a 10% gain if you are lucky.
I would say that I will sell all my resource stocks over the next 12 to 18 months.
What sector next, that is the question, maybe back into property if it falls enough.
AMC Price at posting:
$14.16 Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)