share the burden - tuesday, page-12

Hi PB....

I'll join you for a look at some different charts.The first is the Au manufacturing PMI,which as you can see is on a 10 year downtrend.The charts don't lie.The other chart is a 10 year chart of our poulation growth,which viewed with the manufacturing PMI chart,actually shows manufacturing is a lot worse when population growth is taken into account.I just wonder where the growth is going to come from if mining stays on the sidelines for a while.The XJO may not have a good year.