re: macquire report.. yes, as pointed out, wait another month and it will be a different story.
RIO currently oversold, sentiment will bounce, but the longer term trend is for commod prices to fall into 2008 - nothing new on the forward contracts chart.
September is usually volatile, and since the DOW is holding there is no crash in sight.
Remember contrarians make the most money, but have the biggest worries.............RIO Is just such a case
heading south this year, page-4
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Last
$110.41 |
Change
2.060(1.90%) |
Mkt cap ! $40.98B | |||
| Open | High | Low | Value | Volume |
| $109.22 | $110.41 | $108.55 | $128.8M | 1.171M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 199 | $110.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $110.41 | 3397 | 2 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |