BHP 1.32% $36.00 bhp group limited

fear is driving everthing down

  1. 1,534 Posts.
    There has been some amazing moving moves in the commidities and to all those who predicted the prices to go higher will indeed be licking their wounds.

    As with any correction down there is an area of everything being oversold and in the last few weeks the move to get out of everything bah the USD has seen some lows we have not seen for many years.

    China growth 9%, possibly down another couple of percent.

    Growth anticipated has all gone wrong and now we are seeing a possible Global recession. Lending rates rising and unwilliness to lend so projects can get off the ground and kept going.

    Interesting that BHP now see's opportunity in some of the undervalued companies about. If BHP can continue the median of sales and grow it's asset sheet then really it should be in great position when Europe and US start it's economic recovery.

    The real danger in this equation is inflation and the possibility of governements printing too much too soon.

    Price rises would be made from a cost base not at the supply and demand point.

    Question is how can BHP continue to remain strong as well as grow it's assets not necessary it's sales currently.
 
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$36.00
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Last trade - 16.10pm 23/10/2020 (20 minute delay) ?
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