The rise from the recent 80 cents to the high of 95 cents -...

The rise from the recent 80 cents to the high of 95 cents - provide lot of incentive for people to take profit. People are nervous at this level - rightly so.

However should the US employment data is in line with expectation - we will have another green night. This in turn will give more fuel for the bull run.

The iron ore negotiations have not been finalised - it would appear that the Chinese would eventually have to accept the same price as the Japanese/Korean - should spot price kept going up. I can't see RIO/BHP backing down at this point.