chart, page-34

I notice oil & copper currently off 5% and nickel off 8%. The recent rebound in prices would not appear that convincing. Will be interesting to see if it can continue to defy fundamental gravity, the big fella certainly has plenty of fight.

I also notice that China continues to pick up commodity assets off the likes of Rio, while BHP is conspicuously absent from any major purchases. Will be interesting to see if this continues, as the more and more China become self sufficient the less pricing power the likes of bhp will have

Not trying to antagonise, but would seem like a huge risk to hold long at this point in time considering the negative factors weighing up against it, and earnings announcement on the horizon. A lot of people/funds are long this stock so you dont want to see the floodgates opened. I may be wrong though