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By Rudi Filapek-Vandyck
Investors and traders in Sydney are turning bullish on miners and natural resources again.
Our sources tell us there’s a rumour going around that the institutional desk of noted commodities bull GSJB Were has expressed the view that the “Great Resources Bull Market”, expected to run from 2004 to 2010, looks like being “on the verge of its second wind”.
To add some more juice to the thesis, the desk apparently forecasts BHP Billiton (BHP) shares to hit $40 (compared to $25.87 yesterday) while Rio Tinto (RIO) shares are tipped to hit $100 in early 2007. Rio Tinto shares closed at $71.05 yesterday.
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