double bottom

Looks close to a double botton on the charts for me so i expect movement upwards from this day onwards.
Despite the doom an gloom with metals prices, copper and gold are still historically high.
Zinc is a worry but the drivers are still in place for world growth.
Still think the merger is a good thing though, being the third biggest resource company in OZ can only mean good things if you still believe demand will continue for metals.
Big funds do a lot of manouvering at financial years end and metals trading play their part.
Plenty demand for energy (coal,oil,gas) which should translate into more productivity in turn pushing demand for metals upwards.
Happy to hold long term.