shorting., page-23

BRU would also fit well into this quote from the EIM resource fund -

"share prices have been driven overwhelmingly by global conditions which have prevented companies from differentiating their share price performance through their individual corporate efforts. History offers some comfort that this will change as the cycle matures. To that extent, a cyclically weak market offers investors with an eye to the medium term some strong value propositions."

Stats for March

Background market conditions deteriorated further, contributing to the historically prolonged cyclical downturn in sector equity prices which commenced in the early months of 2011. The small resources accumulation index has underperformed the resources stocks in the S&P/ASX 100 by 30 percentage points since the beginning of
2012 and the small cap industrial stock price indicator by 68 percentage points.

· The S&P/ASX 100 and small resources share price indices fell by 9.6% and 9.7%, respectively, in March as the largest stocks also began retracing their earlier rise.

· The prices of all the main daily traded base metals - aluminium, copper, lead, nickel, tin and zinc - fell. Nickel and tin prices lost the least (-0.7% and -1.6%,
respectively). The other prices fell by between 4% and 10%.

· A gain of 1.1% took gold prices marginally higher. The prices of platinum and silver fell by 1.1% and 0.3%, respectively.

· Crude oil prices (WTI) rose by 5.9%.
· Iron ore prices fell 9.5%.

Full report article here !