I wonder if Don Argus knows at what price level commodities will rise before it becomes "too expensive" and therefore demand waning.
I suppose many forgot that BHP fell from $8 to $4.50 between 1997-1999 in a two year downtrend. Then again between $11.50-$8 between 2001-2003.
Yes, since then it has gone to the stratosphere to the current price level of $30 from $8.
The faster they rise the harder they fall!
I think a two year downtrend in the current "supercycle" to approximately $19..is More Than Needed.
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$38.87 |
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0.230(0.60%) |
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Open | High | Low | Value | Volume |
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---|---|---|
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No. | Vol. | Price($) |
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16 | 4063 | 38.860 |
13 | 3556 | 38.850 |
17 | 4309 | 38.840 |
13 | 3647 | 38.830 |
Price($) | Vol. | No. |
---|---|---|
38.880 | 1 | 1 |
38.890 | 11582 | 23 |
38.900 | 16175 | 19 |
38.910 | 6153 | 13 |
38.920 | 4568 | 17 |
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