Commodity price cycles come and go, but one thing remains the same: Many investors get swept up in the convincing bottom-left-top-right supply deficits for the next decade narratives, as well as the euphoria which comes with soaring stock prices.I believe there’s nothing wrong with buying into a great story as long as there’s a great uptrend on a chart somewhere to back it up. But! When the party’s over, and the trends have turned, it’s usually a good time to go searching for the next big commodity price cyclejust about to begin.
Food for thought
Commodity price cycles come and go, but one thing remains the...
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Last
11.3¢ |
Change
0.003(2.27%) |
Mkt cap ! $235.7M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $107.2K | 965.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 77 | 8332823 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 2470232 | 29 |
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| CXO (ASX) Chart |