Trump is playing a good game of cards, I think what is spooking the market is Canada & Mexico now rather than in January. I dont think the tariffs will be as bad as the media makes it out to be. Trump knows the media will take care of 1/2 his job that he needs done. He once said a long time ago "Tarrifs dont work, look what happened in 1930 with farming tariffs"....so he is acutely aware major Tarrifs mean USD desolation and increased pricing or inflation. So, USD falls and commodities are a great hedge as a monetary value. Have a look at the Copper / gold ratio over the last 8 months when the markets bet on a Trump win. Things can turn very quickly and bhp have good copper Assets. Im more bullish on Copper than I am on gold. African I/O can easily turn into a complete disaster very quickly and China is hanging out an olive branch with naval & army reciprocation like they once did, so China is looking for friends with commodities for more stimulus down the track. Our idiots and I mean COMPLETE INCOMPETENT IDIOTS in Canberra need to heed this and co-operate instead of being a US barking dog as it was once coined. China needs Australia and Australia needs China so piss off the left wing and we have a new gravy train......lets see how it all pans out.
BHP Price at posting:
$39.86 Sentiment: Buy Disclosure: Held
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