I would guess Glencore might well be needing to offload base metals too, nickel and copper esp.
Guessing also that Glencore won't be to MRE's rescue if they need a cash injection either.
Our whole world is unravelling, wonder what the new capitalist system will bring, or will it be Chinese style central guidance with capitalist characteristics. Don't think the Vale's, the RIO's, the Glencores or the BHP's will get as much latitude in the new market order that is coming.
Very lucky myself that fear drove me progressively out of BHP on the way down, just wish it had done the same with some other stocks.
I just don't know what to think wrt BHP atm, half me says a screaming buy, the other half that I've been wrong on everything all year.
EL
BHP Price at posting:
$25.80 Sentiment: None Disclosure: Held
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