Gary Bourgeault
Long only, research analyst, portfolio strategy, media

Why Turquoise Hill Is Ready To Bounce

It's extraordinary to watch the stock performance of Turquoise Hill Resources Ltd. (NYSE:TRQ), as it continues to get hammered because of global economic concerns, as well as a slowdown in China and falling commodity prices.

There is also the Federal Reserve effect, which has of course crushed the markets because of a possibility it may taper its massive stimulus program, which many believe will have a detrimental impact economically. Most people have forgotten the repeated words of Fed Chairman Ben Bernanke that it is predicated on the U.S. economy continuing to improve, which is far from a certainty. Interest rates on the other hand, no matter what happens, are expected to remain at current levels for a couple...

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