I am only following SMY as a peer of the stocks I do hold. I...

I am only following SMY as a peer of the stocks I do hold.

I have been trying not too focus on the spot price too much (both going up and now). Four points I would make:
1) The 27 month pon has not been falling for nearly a month now, just fluctuating noise.
2) The 27 month really hasn't fallen that bad at all and is well above just about every brokers forecast. I"ll put more faith in where thevreal money is placed, rather than some brokers report covering his bosses arce.
3) The bubble was the backwardisation, and this is almost entirely gone now.
4) The recent fall must be scaring off would be investors in laterite and clay projects. Good for the LONGER story.

EL