Glen's Drilling Core & Barrack's Past Market TiminGuessing that along with IPO's in commodity firm Glencore, the rest of the commodities pool will punish Barrack once again from a top-timing issue in copper, and from Ben's transient inflation sell down - and thus we must assume that if one was selling of 20% of your private commodity shop (for $12B) does indeed mark a "near top" in copper's pricing for decades perhaps. (Glencore produces nearly a quarter of global supply of copper).
What does this all say about the growth in the East offsetting de-leveraging in the West? This all spun just as the big boys are cashing out chips? If inflation and growth was truly coming, would they be selling? Tax and estate planning excuses surely abound somewhere as always with dispositions.... but we are taking the hint and taking a lousy 10% HKU-t gain and leaving the playground today.