27.05.2016 - Once Bullish, Miners Turn Bearish on Metals Prices
The rally in the price of metals is over and few see it coming back soon, including the miners themselves. Copper, iron ore and other metals and resources rallied through much of this year, but this month headed lower once more. Those declines will continue, given uncertainty over Chinese growth, the oversupply in many metals and resources, and a strengthening U.S. dollar, mining executives say. That will put further pressure on the share prices of miners, which rebounded with metals. Analysts are also bearish, but the negative call from once bullish miners underscores just how poor sentiment is in metals markets, even after five years of declines...............................................Full Article: Source
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