I’d say that’s noteworthy! They indicate their key picks are the big boys: BHP (BHP, quote), RIO (RIO, quote) and Glencore. I have been pretty clear on my 2014 view for miners based on the synchronized global growth we finally are getting.
Staying with the big boys means staying with not only the best balance sheets (all are NOT created equal) but also diversified underlying assets.
While ore may struggle, nickel may not, and copper could see a leg up on infrastructure build and housing recovery. Gold will bottom in 2014 as well but straight gold miners play here is aggressive.
Citi ties together their view with a statement that is more than opinionated and I applaud the stance. They say they, "would rather be too early than too late in making this call."