...snookerque a likely drop in iron ore prices is bad timing, and I hope the money is tied up so the EU jitters do not cause a finance upset.
That said, in the medium to long term, commodities is the place to be. China is making the switch to stimulate internal demand and offset their massive exposure to the EU. The US has been settling...Anyway, FAS has such cheap overheads that a drop in iron ore prices should be a slap on the wrist with a limp lettuce leaf...hardly felt.
The market often seems to have other ideas, not always logical. . Just as well some of us are in for the long haul then!
FAS Price at posting:
4.0¢ Sentiment: LT Buy Disclosure: Held