Oil joins the Iron-Ore & Copper Bear Party Predicting the price of Iron-Ore is difficult, but it may still halve to be only up 250% in 11 years- hardly...

Market Matters
Oil joins the Iron-Ore & Copper Bear Party Predicting the price of Iron-Ore is difficult, but it may still halve to be only up 250% in 11 years- hardly bearish. Let's consider BHP's breakdown of earnings estimated for 2015 in order of importance: 1-Iron-Ore (36%) - Hard to predict, but I can easily see further downward pressure as the Chinese economy slows to normal levels. 2-Crude Oil (36%) - Crude has fallen 14% this month and further downside pressure would not surprise. 3-Copper (21%) - I remain bearish, with a long term target 50% below current levels. BHP was recently stated to be Australia's most inherited asset and I think it's a BIG SELL. My target for BHP is clearer in $US terms, where it is basically over 50% below the current price. Looking at the matrix of future exchange rates, this equates to the below: •At 60c -$25,at 70c - $21.40, at 80c - $18.75 and at 90c $16.67 - a bleak outlook. BHP is unchanged over the last 7 years, while CBA is +50%, so all I am saying is the trend will continue. (VIEW LINK) nKd58D
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Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise