Loading ...Finally hitting the news this morning. I don’t like that. By the time the news announces something, and by the time public finds out something, its over, normally.
But this time might be TOTALLY different since so many things are reversing. Major reversal might be, no more manipulation of futures pricing allowed, or discouraged by less loans to producers who tend to over-borrow, and banks to over-loan, when prices are high.
Then prices drop and make the loans risky for banks. Less CAPEX I heard has been going on. Remember Oil? $145/bbl? $58 today? Bank loans?
Lucky me I see PLG + 25% I just added to that one and SBGL on the 15th. I’m hold on.