There is much truth in this, although I think that holds to short-term results when looking at mining companies (agree with you on the other categories).
In the longer term though commodity prices do reflect supply and demand characteristics and history repeatedly shows buying - and selling - positions.
Some commodities clearly have superior outlook to others in terms of supply side characteristics.
Shocker today for BSL after a great run.
There is much truth in this, although I think that holds to...
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Last
$20.20 |
Change
-0.230(1.13%) |
Mkt cap ! $8.889B | |||
| Open | High | Low | Value | Volume |
| $20.35 | $20.43 | $20.17 | $2.693M | 132.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 53 | $20.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.21 | 603 | 10 |
View Market Depth
| Last trade - 10.53am 01/07/2024 (20 minute delay) ? |
| BSL (ASX) Chart |