Australia's largest stock trading and investment forum Australia's #1 stock forum

Its Over, page-13550

First 13550 Last

Share
Profile

Follow
Bunn-Wackett

23,510 Posts.

1322

11/07/22

16:29

Post #: 62479144
Share

Originally posted by 1ronnie: ↑
..And this from my newsletter .

Here’s a list of commodities and their price falls over the past month (as at Thursday last week):
Brent Crude: down 16.2%
US gasoline: down 19%
US heating oil: down 18%
Copper: down 22%
Nickel: down 26%
Zinc: down 20%
Tin: down 27%
Iron ore: down 23%
Cobalt: down 17%
Wheat: down 24%
Cotton: down 31%

After such sharp short-term falls, you should expect a short-term bounce. But these sorts of falls (on the back of tighter money globally) suggest to me the trend of (inflationary) rising commodities prices is over for now.

Since peaking in April, the ASX 200 Resources index is down around 20% and trending lower (see chart below).
Column 1
1
2 Source: Optuma
Expand
I'd love to know what your newsletter is...I've looked for clues
Upvote

0 Great analysis

Reply

Top Stories

AI stocks: What to expect in 2024-25

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

There are more pages in this discussion • 9,291 more messages in this thread...

First 13550 Last