11.05.2016 - Two reasons why commodities prices could collapse
After big falls in the iron ore price overnight, and likely again tonight, a number of other commodities could also come off the boil. Silver prices appear to be falling, as does gold, and copper definitely is as the chart below shows. Copper sank to a four-week low overnight. Platinum prices have come off, and Brent crude oil has dropped to US$43.58 a barrel, down from above US$48 a barrel at the end of April. Several resources companies have seen their share prices double or triple since the start of this year, but that trend could be about to reverse (perhaps apart from those in the lithium sector). South32’s share price is still up 45% since the start of this year, while BHP and Rio are flat...............................................Full Article: Source
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