One Major Firm Just Told Clients To Over-Weight Mining Stocks And Is Bullish On Gold, Silver, And Commodities
KingWorldNews.com
December 01, 2016
With many investors around the world still worried about the action in gold, silver, and the mining stocks, one firm just told clients to over-weight mining stocks in their portfolios and laid out the reasons for a boom in commodities in 2017.
Below is a portion of a lengthy report issued today by UBS on the mining stocks as well as the metals.
Portion Of UBS Report: Strategy for 2017 – Upgrading the sector to over-weight
As we transition into 2017, we upgrade our recommendation for the Metals & Mining sector from market weight to over-weight. We are cognisant that commodity & equity prices have rallied hard this year; however, we think i) earnings momentum will lead to strong free cashflow, healthy balance sheets and improved returns through the upcoming reporting season, ii) China’s construction pipeline underpins solid demand through 2017Q1, iii) Global fiscal policy may be more accommodative through 2017; and, iv) selected supply cuts & producer discipline will remain…
The Rest…HERE
