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Commodities Briefing - Categorized | Fund Profile, Investment more

Sprott Fund buys energy with commodities at recession valuation

Posted on 24 October 2011

Chemical, metal and agricultural companies around the world have fallen to valuations whose only precedent came in the last recession.

Commodity producers in the MSCI All-Country World Index lost 21 percent since the second quarter and trade for 10.6 times reported income, cheaper than 96 percent of days since 1995, according to data compiled by Bloomberg. In Canada, where stocks get more value from producers of fuels and minerals than any other major developed market, losses in energy shares are exceeding oil prices for the first time in 17 years………………………………………Full Article: Source


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