Pain, page-46

BRL 3.61
down from 3.52 intraday. Look at the graph its in a spiral to 3.70.
Maybe Socgen was right, they called 4.00 in "weeks"
Chinese cut rates and currency, soon china cuts currency even more and starts QE just like Europe & japan, soon US defers interest rate rises as demanded by the IMF.
Last night Barclays Bank calls for US Fed reserve to defer rate rises till March 2016 and market now prices a 10% chance of that in September after only 4 weeks ago 90% of economists wrongly calling a rate rise in Sept.
The BRICS are all following - drop currency, drop rates, add stimulus, growth dropping.

This is great news for MBN, our COP just dropped from 4.00 to 3.91uslb. While NP is rising to 4.33.

MBN will be the last profitable NI producer standing. That's why the chinese are shipping and buying MBN ore like crazy and don't want it to shut the plant and mine.

http://www.*****net.com/charts/metals/base/t24_nk180x150.gif