Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
The week has been bullish for this contract, but we still see the $100 area act as a massive barrier. However, on the daily charts it is clear that every dip becomes more and more shallow. This bodes well for bulls, and suggests that the $100 mark eventually gives way, and the market goes to $105 right away.
