AGM australian governance & ethical index fund

You all claim that "desk jockeys", "analysts" etc have no idea...

  1. 566 Posts.
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    You all claim that "desk jockeys", "analysts" etc have no idea as they did not predict an actual price (eg$50k), but are happy to quote some of them now when their comments suit your agenda (CS saying $65k).

    Almost all the Brokers had Ni as a stand out performer for 2007 (I got research from 2005/6 backing this), and many see it sustaining a price above long term trends for the medium term.

    Predicting a specific price is difficult, however picking trends is not.

    The current trend states that there is thin trading, trading by hedge funds (who are also manipulating the price of U as they have 10k in stockpile and that is a big slice of 70k production), etc etc.....hence some of the concerns for a correction coming to fruition.

    We often see the market correct itself for no good reason, eg. Feb/March correction just past.....

    Why rule it out? Get your heads out of the sand.

    TheGimp
 
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