aud to hit $ us85c, page-19

cardz...i think the market is clearly offering no supports.

More pain to come over the next few weeks.

Also this tidbit;

Iron ore slumped into a bear market last week on concern that slowing economic growth in China, the world’s biggest buyer, will hurt the outlook for demand. Prices will decline as supplies expand over the long term, Alan Chirgwin, general manager of iron ore marketing at Australia’s BHP Billiton Ltd., the largest mining company, said May 8.


AGO wants to expansion whilst price is declining. In my negative mood I would avoid iron ore stocks.