Is there another source of iron ore, me thinks not, but look at...

Is there another source of iron ore, me thinks not, but look at the share price of AGO, FMG etc, and you will realize that just because something is wanted eg energy, it does not always flow on to the SP.

I knew that I would receive negative posts for my thoughts, but I am entitled to my opinion. Have a look at my post on NEN, some 4 weeks ago when I said to the guys that I will rejoin them when the SP hits 35cents. At that time it was 41cents, and is now trading at 34cents, not because of reality, just because of sentiment.

To answer your question on where the market is investing I would say this

1. Not in Mining or Energy
2. Yes to Banks etc. They may be boring but that is where the smart money is.

Those of us that invest in Energy stocks like big increases, but whilst the market has been buoyant for 4 weeks, NSE has dropped from a high of 67 to around 46cents. That is the truth to it, I lost a little, others have to, but do not stand on your soap box and tell me that NSE has OUTPERFORMED the market, when it clearly has not.