need to break through 1,425 convincingly to get more momentum in the mid tier producers. Plenty of people been burned and plenty of people happy to trade in and out for small money.
Me, I want multiples before I take my money out, like most of you, I averaged down for some very nice ave.'s. I remain focused on mostly the low cost producers for safety.
Interesting to note a bit of movement in the better specs now, profit taken on mid tiers moving into the specs I guess, not so stupid, but need to see more conviction first.
10year drops as equities become risk on, this confuses the inflation correlation.
Whatever, demand from China is the biggest current lever.
