Resources shares to buy
Lets Face it , Resources Shares are still red Hot on the ASX, and whilst the Chinese economic conditions remain strong, the media, the tv news, the news papers and the internet media in Australia will continue to talk about “The greatest metals and commodities bull run in history”.
Given the everpresent media coverage and strong buy ratings from the major investment houses, there will be no shortage of retail and institutional investors whom continue to be buyers of iron ore mining, precious metals and commodities shares on the local ASX.
We have seen 2007 -2009 offer a genuine buying opportunity on the local market, as some stocks had lost over 90% of their value from the bull market highs, Those opportunites are now gone, and we find ourselves in a similar scenario to the top of the market in 2007, how much higher can prices go from here?
The resources sector is cyclical to an extent, but if the theory of the super cycle has legs, this bull run may continue, and that would mean, being a buyer of top quality blue chip resource stoks each “downside corrections” is a logical play.
Some poular resources shares to buy are
BHP
RIO
OZL
HRR
AXO
