I thought much was priced in but with a high VWAP there is no chance of the BB kicking in. Well that was my logic.
I could be wrong but we were already priced above what I thought to be a bargain.
Apart from infrastructure spend within China which we do expect, I can't see folk struggling to feed themselves buying
much other than essentials.
World wide things are ugly for many. Will we one day see pent up demand or people deciding to save again. My bet would
be on the latter. GLTAH
Maybe don't mind me - I tied for the pineapple award in our tipping this month. LOL LOL Proved I was not a genius after all.
Iron ore price, page-21136
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