BHP is .40% shorted. Not much to worry about never the less it is being shorted. China have now out flowed USD$335 B in treasuries and increased USD$91 B in hard gold bullion within their treasuries. Interestingly they have now started buying a lot of AUD$ which is fixed to the commodity meme. BHP got kicked last night USD but it hardly constitutes fear. High net worth individuals divested and now hold the most cash within banks at anytime in history. I could go on & on, but what that means is commodities which is a store of currency bodes well for bhp albeit demand is always within a 60% holding capacity. Let's call it inventory as a $ denominal value. BHP is always in a good position and there is not much to lose sleep at night over. But they need more copper, from somewhere, I dont know where they are going to get it from but it's the new gold. I would love for them to buy into antimony now at $36,000, I never saw that coming being exported to Chinese refineries.
BHP Price at posting:
$40.48 Sentiment: Buy Disclosure: Not Held
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