I am afraid many shareholders were too hasty in their sells during the last couple of days. QE2 funding by the US FED has just let to a massive amount of liquidity hitting the markets and we are now moving into the second phase in the bull market in commodities. Inflationary pressures will cause nearly all precious metals and base metals and energy prices and food costs to increase. Those who are in commodity plays are going to benefit.
Zinc and Lead prices have surged to 1.1445/lb and 1.1463/lb respectively. The sector as a whole is going to move up in the next couple of months and with more money coming into the system on a daily basis from overseas investors [due to the increasing power of the AUD and high interest rates offered], equity markets should move up too. If the government releases the takeover of the ASX, the Oz markets will explode with liquidity from the Asian seaboard.
Position yourselves accordingly if this happens.
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