can't see it champ,any shorter who doesn't have pencils sharpened for mondays upcoming fall needs counselling.you have fmg downgraded to neutral,pt.headland is a big ongoing problem,and you have a local market looking for direction after a long 4th of july weekend for the US.then to cap it off,a whole bunch of afghan petrol tankers are blown up in the name of that terror mob in Iraq,and pictures are plastered all over the internet,just to make the western world feel a little bit more insecure.but alas you say,all will be fine,the futures market call of IO is in positive territory,compared to what seems an undervalued market,and china is a bottomless money pit,as there are 1.4 billion peasants willing to do anything to get a taste of what they perceive to be the holy grail-western world democracy and capitalism.
seriously,would you think that respected big name producers like bhp at about PE14/1,at current sp,would be at such a low sp if investors actually took futures on face value.
cheers crazypunter
FMG Price at posting:
$4.68 Sentiment: Sell Disclosure: Not Held
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