Hartley's update, page-24

Well said. Prices will over shoot on the downside, but the good ones bounce back. A lot of rubbish won't. Gold still strong at A$1374 anyway given the dollar. Iron ore first, then oil is doing the damage. Copper and gold are still holding very well overall. The iron ore price has been managed down by the majors and oil has been managed down by OPEC inaction (same thing). Investment banks have tried to short and talk down gold and copper is still ok and is less likely to be managed down by majors as it's a broader market. Still think we are in the best metal space across the board and bad market driven price action tends to happen quickly, so not long before we find a bottom IMO. By the way, world growth is not as bad as prices are indicating IMO. We all just have to let it play out short term. Dyor