mongombolo
By now I gather you have enjoyed lunch with Ms Mongombolo - good to hear you've escaped the house.
As for Kloppers, IMO his latest assessments are about as definitive as those he provided around May 2008! For the record, if he knew commodities were about to burst he sure wasn't letting anyone know about it. BHP's report also intimated that more action was coming through from Europe & the US & would probably balance any easing from China.
IMO given that Chinese boarses [eg. Hang Seng] have rallied 100%+ since bottoming it's probably reasonable to expect the 100% Fib level to provide some resistance. Kacy's chart shows a retrace from 3400 to 3100 - unless the bears can push that low down a whole lot further it would just confirm a new higher low [ie. up trend].
report, page-93
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