Bhp Group Share Price (BHP)

Yes, spot on pipedreamer. BHP has really followed the main indexes. Actually, I was looking at the BHP price chart today and was a bit shocked to find out that we are at the prices from October 2019 at £16.

The 5 year high is 2000, the 5 year low is 615. That's 25% upside from here and 62% downside. Perhaps I'm wrong but considering the current economic situation I feel we should be closer to the bottom that to the top. So I took some profits today. I still have my core position but I'm a bit uncomfortable at these levels.

Thanks all for replys.There is a lot of confusion as to which site to use on here,the bhp,or the Billiton chat site.
In 1980 Gold overshot it's fundamental value price by some 150 %.If that happens again (a spike).it could hit 4000k an ounce.
What is worrying is that the BHP s.p. mirrored the main indexes and fell with the rest.If as expected,(technically) the market tanks at the start of June,what happens to the S.P.?.Would have thought that it would have run opposite to the market,
like the Zoom chart.
So there's a contradiction here if we think that the s.p. will go up.Very confusing.

This keeps moving up nicely

It's simply the old more risk/reward scenario IMHO, as more risk in buying into PM/Gold mining assets as oppose to physical gold; if things go well in mining then lots of upside and if not as they can on many fronts (mine closures due to Corona...., poor production/quality reports, management failures...etc...) as oppose to physical gold where risks are only price related but rewards can also be limited.

Hi pipderdreamer,
So that's a complex question. If you want to have gold as insurance I'd recommend physical gold. For me gold is real money and putting your savings there will preserve your purchasing power while fiat money is going to its intrinsic value of zero.

However, as Buffet says, gold doesn't pay a dividend and actually it costs you to store it. So if you're looking to make a profit probably the miners are a better choice, as they are businesses that generate revenue, pay dividends etc. The problem here is that mining is a very risky business. A lot of things can go wrong, for example mines can get shut like you mentioned, there could be strikes, environmental issues, equipment breaking down, and so on. Recently gold has gone up and is close to all time highs because of the current crises while a lot of miners went down and even though they've bounced back most aren't anywhere near there recent highs. The miners can't profit from higher prices if their mines are shut!

Last but not least, I feel that the miners are still underpriced compared to the price of gold. Gold is close to all time highs and sure it can go a lot higher but I can't be certain of that. However, the miners should be at much higher share prices considering the current price of gold. As soon as things come down a bit I expect a lot of miners to re-rate higher, especially the smaller companies.

After all of that though I have to say that as a contrarian I feel a but uncomfortable with my gold investments (big part of my portfolio) and have been taking profits, as gold is so high atm. Right now I'm more drawn to unloved commodities like copper and the likes of BHP and Antofagasta just like I was drawn to gold and the gold miners in 2016. So I've been slowly moving my capital away from gold and into silver, copper and other industrial metals.