Gindaldan is right mate, they will just keep kicking the can down the road...
Mario Draghi started an anthem few thought would become the worlds FEDS chant "AT ANY COST".
Then he was referring to the LTRO`s & the use of the SMP.
THE BOJ ISSUED bonds under cash rate, sold them onto the world and hence its now called "FIAT" which continually goes on unabated. In these current times, commodities and BRICS is the exetential threat to this somewhat new mantra. M1 & M2 along with the velocity of money has its head above water and by only just....so commodities is the alternative cash until such time the can stops being kicked...if it ever will.
BHP is diversified in all the right areas and has pulled its cost base on developing more I/O ROM expenditure because it has been developing ROM`s for the past 15 years. We now have enough of it going foreword to meet the 1B tonnes of I/O capacity output. Now its coppers turn....the new gold....
All the best with your investments mate.
RDD
BHP - Price Chart, page-77
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Last
$42.87 |
Change
-0.920(2.10%) |
Mkt cap ! $220.7B | |||
| Open | High | Low | Value | Volume |
| $43.31 | $43.59 | $42.80 | $181.2M | 4.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1169 | $42.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.87 | 1265 | 9 |
View Market Depth
| Last trade - 13.40pm 09/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |