BHP - Price Chart, page-74

Im also averaging down every .50 on each $1 fall.
Sept is usually the month they start to ramp up infrastructure building and so forth as the Autumn month brings in the milder weather.
Im banking on Interest rates in China to come down to coincide with the US. As I have stated previously China has exited 65% of US debt instruments whilst the USD was higher than where it is now along with other EU debt convenience.
They could very well again become the 10 pound Gorilla in the room with massive foreign currency reserves as some 5 years ago garnishing an additional lets say 1.5% growth bolted onto of what they can ordinarily be able to achieve with 4.2% as a guess, so 5.7% with massive stimulus with an outset of 18 to 24 months, I think achievable.
Fair enough Aust & Brazil have shipped an additional 11% more in the last 2 months, but 86 miners around the rest of the world have simply stopped shipping....at a guess because of loss making.
What's also interesting for placing our money down while everybody else is running around with the sky is falling is PORTDEX 62% fines in Qingdao settled at Yuan 754/WMT or $106.30 for our WMT for Oct. I noted a quote in the forum from market Index with a fall in WMT of 9% or thereabouts and I have no idea where they got that number from unless it was for a 2 day fall which has since retraced.
Further to dismay the outlook for Copper was shot in the foot. I dont know where they get their numbers from but it is not from countries or multinationals that constantly banter..."WE WILL NEVER HAVE ENOUGH GOING FORWARD"....Even the IEA had a white paper on the negative impact the lack of supply will have on energy development to the point where "WE NEED TO FIND AN ALTERNATIVE TO COPPER"...as you read on...because we will have a 30% deficit by 2035. That's not that far away. I had a number on how long it takes to go from Greenfields to shovel ready and Australia was at the top of the tree and it was still 6 years, so that gives you an indication on supply meeting demand.