Any instos buying now are getting a very cheap entry point, which now that all data is on the table, will see steady increase in value, as China cranks up after olympics. The metals are very cheap at the moment, and this has a lot to do with declining buying by china in the leadup to the olympics slowdown. Also unwinding of hedge positions caught out long, by the size of the downturn.
Interesting couple of months coming up, with slow steady growth. What we all want!!
cheers
Steve
OZL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
