10.11.2015 - Don’t believe the ‘supercycle’ hype – commodities will bounce back
China’s gross domestic product (GDP) growth is slowing – it might even have stalled completely. That means China’s demand for all industrial commodities is falling and is going to keep falling. And that means you shouldn’t invest in any of the big mining companies ever again. Without China importing 50% of every commodity produced everywhere to build its millions of miles of super-fast railways, prices cannot rise, profits cannot rise and share prices cannot rise. Sounds like a familiar argument? It should do. It’s been in every paper and on every analyst’s lips all year. If you look at a couple of charts of commodity demand and prices you can see why..............................................Full Article: Source
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