2. Japan up 3.5% for march qrtr. Our second biggest trading partner.
3. USA growth going up this and next year.
4 Growth in sth America plus other parts of the world
So dont be spooked into selling just because because some spook wants to selectively spruke a slow down story for China.
We know there may be a bit of slow down in China
for example as China wages rise there is a shifting of factories to other lower cost asian countries, so the demand for resouce changes country. Balanced reporting would say x tons fall for CHINA but x tons increase to Thailand. Bangladesh. Vietnam, Burma etc
We also know some factories shifting back to USA or Mexico, so again this only transfer demand from one place to another And all we get are analyst and media only focusing on the drop in china demand as the doom and gloom to ram down share price.
Why? well IMO they are sitting on fat gains and will be taking profits soon, but they need to reinvest so lets talk down resouces, so we can pick them up real cheap. Once set they will change their story and we will be flooded with recommendations to buy resouce stocks again so the can make another profit bonanza.
Saw a segment on CNBC last year where they where discussing a lot of these people just spruke straIght out lies.
AYOR. NOT FINANCIAL ADVICE.
AGO Price at posting:
86.0¢ Sentiment: LT Buy Disclosure: Held
