open shorts, page-23

Commodity prices have help reasonably well despite all the doom and gloom.....this isnt a GFC its a very small economy in trouble being made out as the start of some contagion. Take away the hypothetical catastophic events that will supposedly come next and u have a globally insignificant economic upheavel. Just a crisis of confidence sensationalised by the media. The only people this will bring to their knees here are those who are short or levereged too heavily. World leaders are parlty to blame for letting this so far out of proportion. Supply and demand in the real world wont be affected much. Iron ore prices are already taking European crisis into account and catastrophising has affected stocks like this one even further than rebsource prices. I wouldnt be short mgx if I had a 75% capital guarantee. Your going to get burnt like its 2009 but faster and harder.