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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?


To: craig crawford who wrote (747)8/29/2001 7:36:47 PM
From: craig crawford  Read Replies (2) | Respond to of 1643
 
Best Bets: Manager likes look of base metals
globeandmail.com

POSTED AT 8:10 AM EDT Sunday, August 26

Fund manager Wayne Deans is finding bargains among base metals and energy-related stocks dragged down by the slowing global economy.

"Base metal prices will rise again, and in the meantime, you are able to buy these companies at extremely low valuations," says the small-capitalization specialist with Vancouver-based Deans Knight Capital Management Ltd.

This sector will rally once the U.S. economy picks up — perhaps sometime next year — and when the European and Asian economies rebound, Mr. Deans says.

The manager also favours energy-related stocks. The rate of natural gas production has been declining but the demand from gas-fired electricity plants is still rising, he argues.