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Mongolian bellwether

Like many people in mining, I’m guilty of being a little preoccupied with trying to gauge where we are in the cycle: are we in a bump up as we bump along the bottom; or are we in the early stages of the next cyclical upswing; or have we seen the better part of the upswing already as we move to more moderate cycles?

Viewpoint > Mj-comment

Mongolian bellwether

Like many people in mining, I’m guilty of being a little preoccupied with trying to gauge where we are in the cycle: are we in a bump up as we bump along the bottom; or are we in the early stages of the next cyclical upswing; or have we seen the better part of the upswing already as we move to more moderate cycles?

Mongolian bellwether

When investors show interest in Mongolia it is a sure sign risk appetite is returning

I make no apologies for this mild obsession. As an industry, whether a resources companies with direct exposure to prices or a services provider (including media), we are all at the whim of the commodity cycle. To paraphrase Sprott US Holdings chief executive Rick Rule, a lifetime of wealth can be created in the space of one bull run in the commodities cycle. It can also be lost if investors don’t recognise when to get out.