Miners Fall 20%: Is Now the Time to Buy?
Last week, iron ore fell swiftly and, as a result, ASX mining stocks BHP Billiton, RIO Tinto and Fortescue Metals Group all fell around 20 per cent. Commodities, like iron ore, are cyclical in nature and the more volatile the commodity, the more likely it is for the underlying stocks to change quickly. It is for this reason why we love these stocks, as you can profit very quickly but this volatility also means it is very important for investors to stay informed and have solid rules around these stocks.
So, in this week’s Australian Stock Market Show, Dale and Janine discuss their forecasts for all three miners and whether their view on these stocks have changed. They also provide their analysis on whether now it is the right time to be buying these Australian mining companies.