BHP and RIO Tinto Likely to Rise over 20% in the Next 12 Months (07-19-21)

Success is not gained solely through increasing your knowledge – it is gained by applying it in combination with an increased understanding of yourself.  – Dale Gillham
Last week, the big Australian miners BHP Billiton (ASX: BHP), RIO Tinto (ASX: RIO) and Fortescue Metals Group (ASX: FMG) all rose strongly on the expectation that demand from China would increase after their central bank said it would reduce the amount of cash banks need to hold in reserve. This means banks in China will have more money to lend, which will stimulate their economy.
The stock price of Fortescue Metals was up 8 per cent while BHP and RIO were both up over 4 per cent. Currently, all three miners are trading very near their all-time high with BHP and RIO still in their latest bull run since 2016. So how long will this bullish run on mining stocks continue and how high will these stocks rise?

Dale Gillham, “one of the Australia’s most respected stock market analysts” (Wealth Creator Magazine, Nov/Dec 2004), is called on for his expert opinion in major newspapers as well as on national television and radio.

Dale has over 25 years’ experience in various sectors of the investment industry including banking, financial planning, share market education and professional trading. An excellent motivator, teacher and a technically competent investment manager, Dale is in his element when supporting others to achieve their financial goals.

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