Charles Long, Resources Analyst at Beaufort Securities, comments on the Trump and Chinese market’s effect on oil & metal prices. In the wake of the rebound of the resources market, Charles says the Trump Effect has only a limited effect in short term while the Chinese stimulus and the emerging market growth will support oil & metal prices. Gold price will rally and Iron Ore will be strong during the first half of 2017 & weak in second half.
He recommends to watch out two mining companies: Prairie Min (LON: PDZ) Avesoro Resources (LON: ASO) and comments on Solo & Aminex’s Ntorya-2 well announcement (LON: SOLO) (LON:AEX), Zenith Energy (LON: ZEN). What will be the next big stock? Eyes on Independent Resources (LON: IRG)