Trough in the Resource sector

A trough is only found retrospectively.  Just when you think you are buying at a low, you find your assets dropping further!  This is how I have been feeling for the last few months.  I hardly traded on the market because commodity prices kept plunging, further and further.  But this kind of fall cannot be for forever.  There is a cost in producing any commodity.  So when price plunges, and there is only loss when producing or with unsightly gain only, then the mine will close.

Suddenly on Friday, the USA reports good job figures.  The London stockpile is diminishing.  The Chinese economy may be better than anticipated.  And suddenly, as RB said, what a difference a day makes.

I have topped up/bought small parcels of ROC, WHN, OSH, LRL, ANZ, SLR, KAS, SEH, RIO and CDU in the recent months, much less activity than in the past.  My biggest regret is getting rid of ADN... suddenly it discovered a big lode of minerals and jumped 3-4X.  Luckily, it is only a small parcel.

Earlier in the year, there were WPL, NST, RRS, WCL and PVD but I paused for a while due to extremely severe conditions for resource stocks.