xjo monday, page-51

Thanks Peter, liked that chart. I've been banging on about this for weeks, but people with political bents prefer to see the proposed mining tax as fuel for their fire and are blinkered to the facts about why BHP has really fallen


And the facts are that BHP peaked in the first week of April, when copper prices also peaked, and a fortnight before US markets peaked, and at the same time as the US dollar took off.

No mining tax on banks, and, as I have posted elsewhere, didn't hear Barack Obama whisper "mining tax" to set the Dow tumbling.