Is BHP about to surge 10pc? BHP shares could explode 10 per cent...

Is BHP about to surge 10pc?
BHP shares could explode 10 per cent today as investors look to dive into the world’s biggest miner following a huge rally in the price of iron ore and a broad relief rally on global markets as the US election is finally over.

Today could be the best day for BHP shares since 2008.
The miner’s ADRs are showing a 10 per cent premium to the last Sydney close of $22.56, while the broader ASX 200 is heading for a 3.3 per cent rise, according to SPI futures fair value.
The price of iron ore delivered to the port of Qingdao rocketed to 3.9 per cent an almost two-year high of $US70.98.
The key Australian export commodity has now surged 9.2 per cent in three days.
If BHP manages to gain the 10 per cent it’ll be the best for the stock day since November 2008.