new chart, page-45

$35.60 today, still could go any way in a few weeks, if the situation in europe gets worse, commodity prices will suffer, and BHP will fall back.

I cant believe 4 brokers have BHP a STRONG BUY, it makes no sense, sure they have a great balance sheet, low gearing, a huge pipeline of projects lined up, large cash reserves, but all of BHPs commodities that it sells are for when the world is bullish and growing, unlike now where europe could caollapse anyday, and the mayhem will spread to the US, and as europe goes into depression it means less need for chinese products, so china will in tun be needing less iron ore, less copper less nickel etc....

Short term i mean, what we need is for the chinese population to be consumers of electronic things that have copper lead nickel in it, i still see BHP around $32 before the rott is over.