I'm thinking - whats going to happen when oil hits the psychological $150 mark? Its only $6 off and the US has almost run out of its reserves. IMO this is going to happen for sure next week! Might even go up to $160!
Metals have dropped, http://www.kitcometals.com/charts/ But warehouse metal stocks have dropped too? atm I think metals are safe. I cant see the BHP January sp drop happening again without metals falling further.
I dont like being a pessimist, but I admit I'm scared we will be hit by another overnight tsunami soon! I'm keeping my gearing low for now. Too risky. Need oil to fall to more realistic levels.
BHP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held
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