dxy at lowest level since 2022. $1 support failed for it all due to Trump led uncertainty for the US dxy falls support copper and most commodities. sfr going gangbusters with copper. goldies been brilliant
but iron ore under pressure last 2 days and indeed looks likely to struggle as china grapples with its own issue but this is the other side of the trump coin where we know the tariffs will be sorted over the coming months and then china will have a temporary recovery of sorts and iron ore will also see a recovery of sorts so buy the dips for mine on bhp for a nice run later in the year september is normally the time to buy it but this is churn on a grand scale and alert for the opportunities already opened up here. $33 to $40 on bhp was a fantastic first trade
may just see another run to $33? it had looked like a quick run back to $40 first I cant pick it other than happy to buy and hold for recovery later this year the divi is not great. 4% at this level? enough to provide support. analysts are calling it a buy
bhp report a year or two back expected 2028 to be its year again on copper and they have the best in the business so far they look spot on
BHP Price at posting:
$38.57 Sentiment: Hold Disclosure: Held
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