Business & Economics Investing
Resources Rock
- Publisher
- Insomniac Press
- Initial publish date
- Mar 2004
- Category
- Investing
-
Hardback
- ISBN
- 9781894663625
- Publish Date
- Mar 2004
- List Price
- $29.95
Classroom Resources
Where to buy it
Description
Resources Rock is an easy-to-read introduction to the resource sector as it gears up to take off for the first time in over two decades. Readers will learn how to invest in natural resource stocks, including diamonds, gold, base metals, oil and gas, forestry and fertilizer companies. For years, the average prices of shares in resource sector stocks, for everything from gold to diamonds to forest products, have been at record low levels. But it's not going to stay that way forever. North American and European economies are showing signs of making a long-awaited rebound in 2005, so manufacturers will have to start buying raw resources as fast as they can in order to meet the needs of their customers. Metal prices (gold, silver, etc.) have been rising in the past year and will continue to rise.
About the authors
Malvin Spooner is a veteran fund manager and president and CEO of one of the fastest growing mutual fund companies in North America, Mavrix Funds. Spooner`s resource-based mutual fund posted a one-year return of 100% in 2003, just twelve months after it was launched. Malvin Spooner lives in Toronto, Ontario.