I know he dribbles a lot of crap because he sells PMs but some of what he says is true, but not saying that what he said there is true. re - "FWIW"
BHP Billiton Limited ASX: BHP - 24 Nov 11:52 AM AEDT 19.72 Price decrease 0.34 (1.72%) Silver: 19.59 My only prediction with some worth!
To be fair it was starting to get a bit silly, silver couldn't go on losing everything for ever, statistics dictates that eventually silver would win something.
I don't have a problem with this. It's a joke how often companies create environmental disasters and then tax payers pay for it.
. This time bhp could had it. They could declare bankrupcy and your shares will.bexome piece of scrap paper overnight. They have spin off all of the profitable business in the last couple of years, and mum and dad could be left holding the bag again Stay out of bhp.
Down, down, prices are down ... http://www.smh.com.au/business/mini...ces-to-fall-19pc-in-2016-20151222-gltezy.html
BHP dam disaster coats Brazil's pristine beaches http://www.afr.com/business/energy/bhp-dam-disaster-coats-brazils-pristine-beaches-20151223-glugm7 As Brazil mine spill reaches ocean, its catastrophic extent becomes clear [youtube]http://www.youtube.com/watch?v=EHt9gO6b-QQ[/youtube]
It would probably be prudent for BHP to stop dividend payments in order to reduce its debt burden until commodity prices return to decent levels. That would obviously effect the share price negatively but I think if you were investing long term it could be a fantastic buy opportunity.