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!
arvo ralley, page-55
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Last
$40.01 |
Change
0.800(2.04%) |
Mkt cap ! $202.9B | |||
| Open | High | Low | Value | Volume |
| $40.07 | $40.25 | $39.67 | $474.9M | 11.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15864 | $40.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.03 | 1196 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |