You're right on "the money" there brown dog.
Like I said in my last post, my put is on the verge of flagging a Stochastic Bullish Divergence and this signal is so rare you could wait months for one to show.
Simply, this is a VERY BAD signal for resources and the rollercoaster has already started the downhill run.
I strongly suspect that it may be the looming bankruptcy of GM and perhaps the other two that will be the trigger.
Having travelled the length and breadth of the USA some time ago in my trusty 10yr old '66 Pontiac Parissienne, (289 V8 - 17mpg) I soon got the impression that GM products were well favoured there, so a collapse of General Motors DOES spell doom in the economy for most Americans.
Aussie car makers and car yards will also suffer really bad times when GM folds.
is the commodity boom over?, page-110
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$43.80 |
Change
0.370(0.85%) |
Mkt cap ! $222.2B | |||
| Open | High | Low | Value | Volume |
| $43.46 | $44.42 | $43.33 | $264.8M | 6.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12 | $43.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.80 | 13551 | 1 |
View Market Depth
| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |