You may think it is clever, contrarian view, but everyone out there has been talking about commodity supercycle for ages. Not going to happen, _yet_. The macro picture looks poor and even in the midst of this poor macro picture China has been loading up on commodities, which are just laying as unused inventory. It will get much worse before it gets better. Once the blow-off top ends and the music stops, commodities will go down with the rest of the market. There may be a few more months of steam, quite powerful steam that is, left in the system, but that will be it. That's my assessment anyway.
You may think it is clever, contrarian view, but everyone out...
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Last
$3.65 |
Change
0.030(0.83%) |
Mkt cap ! $16.53B | |||
| Open | High | Low | Value | Volume |
| $3.63 | $3.65 | $3.62 | $38.79M | 10.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 321434 | $3.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.65 | 390938 | 38 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$3.64 |
Change
0.030 ( 0.76 %) |
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| Open | High | Low | Volume | ||
| $3.64 | $3.65 | $3.62 | 4264190 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| S32 (ASX) Chart |