is 5000 possible...., page-43

Steve - you obviously aren't taking any notice of spot metal prices. Many of the metals, eg Nickel, zinc, etc have a spot price 50% lower than their highs of the last 6months. Problem has been that the spot price has been coming down but the share prices of these miners hasn't been moving accordingly. There are Australian banks being affected by the credit squeeze in the US - eg Rams. Interest rates over here have just gone up. An election is coming soon.

There are lots of triggers active at the moment and the large funds are getting very skittish and taking their profits. Also volatility suits the large players as they make megabucks from the derivatives market.