mr market is saying bhp only worth 27
but Mr MArket is rating BHP only at $27 a pop at the moment. This is despite record metal prices for a fair time now, so it should have sunk into the prices of the producers? Well it HASNT. They are trending down/sideways on high vol. Which leads me to one belief. IT IS CATCH 22!
Higher oil and commodity prices /Middle East issues/terrorism >> higher inflation >> higher interest rates >> world recession >> global commodity bust (demand lower, forget supply issues)
So yes higher commodity prices cause the world to collapse, in turn causing commodity bust? So now i understand why commodity companies don't want too high commodity prices! IT threatens the world and their profits!
BHP Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Not Held
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