gkb4723 Mar 2020 11:21
I am suspicious as to why you have turned so negative and choose to ignore the obvious market situation. Which, I am sure, that you are clever enough to work out for yourself !
Have you sold out ? That would explain your turning !
I say this because you know that the market is NOT just made up of the demand side. Yes we anticipate large falls in demand. However we do not know yet exactly how big or small they are !
Secondly you know as demand falls it has an impact on supply through lower prices and thus even further falls in supply . This repeats until a market is back in balance.
The demand falls first followed by supply later, however eventually they balance.
This is the basic rules of supply and demand , which you know, but choose to ignore.
The timescale for this will be quicker than most realise as production also begins to fall off a cliff.
Even if I am wrong and it takes a little longer, balance it will. History shows it always does.
ALL THE best
JAN