friday night base metals, page-7

I think the mining companies in Australia should be alright come monday, the sell off in commodities has improved market sediment and even though base metals are down, risker mining companies were heavily sold down before hand over the last recent weeks during the nail biting period in the share market during recent weeks, with the nail biting period over and rising equity market, I think people will have the confidence to move into them and they may even go up. If we reversed what just happened and the The Dow fell 500 points because commodities soared and oil went over $150, there be investor fear and the companies would be sold down.

The mining companies during this period of the stockmarket will recover from their lows because people will be looking for stuff that is cheap and as we have seen in the past months, not alot of mining companies have been reacting to the underlining commodity price but to overall market sediment instead.