The Brains Trust - 2024, page-1588

copper at that $4.20 horizontal i spoke of a few weeks back
bhp also at $42 horizontal

pure guesswork as to whether they react here or not
a lot easier and safer to wait and buy if and when buying volume comes in

if they fail here then i will chance my arm lower down for a trade on a decent hammer

bhp analysts expect a lower divvie so that is a factor

if and when that forecast changes then bhp will have a run up

those forecasts may be why the banks have rerated. they have made a squillion with interest rates rising and their costs are static and they pay crappy interest on deposits
at some point it balances out but i guess they are still cashcows

which brings me back to the inane bluntness of the Fed tools in raising rates to counter inflation.
as i said before they threw all that money away during covid and now complain about inflation risks
september is normally to time to look at bhp. seems likely to be a rinse and repeat in 2024?