“WELL THEY SAY FAINT HEART NEVER WON FAIR LADY!”
If you had bought any of these mining stocks with any conviction when equity markets hit rock bottom on 20th January 2016, you would be very pleased with yourself or you could be described as brave but stupid. Finding the bottom of a cycle is never easy – just getting the trend right is exhilarating. Only a few had the appetite! To those who did I doff my ‘titfer!’
There must be a terrible temptation to take profits at these levels, though it is as well to remember that this sector has been trashed to ribbons. Has China finished falling from grace from a growth perspective? Could it bottom at this level for a few years? Interesting to note how well Randgold has done. What a fabulous flight to quality!