Very good post Jim. I just add little more. If you are not ready for downturn in mining just DO NOT INVEST. Dump your monies into aussie banks!!. I have posted many times that do not use your emotions, stick to your own DD and invest LT because the downturn can also be 'made' or fake by big players in the fields plus the hedge funds..gogle iron ore bust and boom for your study. When it is down the hedge funds will create panic and make it worst in order to eat. Then the market is turned all hedge funds will make is so bullish...rinse and repeat. I have been in iron ore bust and boom as well as lithium burst before... read afr aticle yesterday about the head of GS metal trading retired and got paid 100Mil in just 3 years!!! Think about it how he could do it...he is graduated in PHSYCHOLOGY....yes it is very clear...and unfortunately most of asx retails are just sheeps following the 'emotion' and pattern....well we tried to give some info.
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