much hinges on China.. will it simulate the property sector? or...

much hinges on China.. will it simulate the property sector? or is it too far gone?

I read this morning Vale is looking for alternative IO markets outside China.

but aside from China and taking a step back, the market i think is fairly priced (Europe the u.s. and oz). yes it could go further of course (but no-one can effectively predict the market).

So, i think there is every possibility of a retrace and if that happens it will represent fantastic buying opp for miners. let alone the $1 drop coming on ex div date for BHP

IO also continues to pull back.

i note today, bhp down .5% Rio and fmg down 1%... an aborition perhaps but it all points to BHP approaching fair value (of sorts)?

as always precise entry and exit is ridiculous to achieve. so believe in the company fundamentals, have divs as a back up plan and jump in when you think its about right.. leaving some in reserve in case further pull back occurs

$44 good guy
<$43 great buy
$40 amazing
<$40 well that would present a rare opportunity for a long term hold

but hey, all this is my opinion and we all have different strategies and preferred outcomes

good luck all
p.s. at current price 5% ff div is great for me