Slappi, I wouldn't call a drop from 750 to 600 on the coal index in the space of 5 days "marginal" or a "small" correction. If you look at the chart you will see the drop is nothing like previous corrections. It could go either way from here, neither you or I can predict that. But the short term trend is clear. The sentiment from last night is that China has been on a resource snapping spree ahead of the Olympics and they're now taking their foot off the pedal.
MNM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
