I like resource stocks that are stable and pay a divi as many fund managers are still looking somewhere to park their money
Gold has gone gangbusters up till now but I see gold stocks as dangerous because most are just West Perth PO boxes with allot of hype and blue sky.
I am betting on oil to be the next mover trying to catch gold prices as I see the long term oil price for WTI is $50 US a barrel.
The other issue that worries me is an AMP, or BOQ showing bad results with a run on the shares taking place. Thats when I will be shopping for CBA or ANZ. for my super port folio.
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I like resource stocks that are stable and pay a divi as many...
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Gerard O’Donovan, Executive Director
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