Banter and general comments, page-1675

For Aussie dollars, yes we are now in the 918 range but sadly I think we still probably have quite a way to go for US 1000 benchmark. But fortunately for us, BP134P9 has been a right champion and has been keeping careful record for the last month and a half of the price fluctuations which we see on Asian Metals (and cross reference on Metals Bulletin) their estimation was that we were between $676.24 - $763.49 in real time price on Friday Arvo. Yesterday the price rose 0.83% so that would put the spread at 681.85 - 769.82

Personally, I'm feeling comfortable that we are probably over the 700 USD mark but even if you use the conservative figure, your talking a maximum of 3 trading days tops before even the most conservative figure shows us above 700. Using the upper figure, if we see that same trend, your talking 800 USD by the end of the week. It might be tricky for us to get really up to date market figures because of the market lag and the fact that publications tend to deliver late results but if this really is reality, it makes for an exciting month as we could possibly (and I really do mean possibly) hit 900 USD by the end of it if the upper figure we are using is correct and the heat in the market continues with a minimum growth rate of 1% average growth in spot price each trading day.