will resources rally, page-29

Hi

I live in W.A and have just come back from a trip up north, the amount of ativity in the Port Headland and the Karatha region is still pushing ahead.

New mines and expansion to existing operations is ongoing.
The West Australian news papers are full of ads for mining staff.

Talking to a mine manager he tells me,they can,t get enough product out of the ground quick enough. And the next 12 months look no different from the past. In fact the iron ore contracts are for a 50% increase.

So why the negative sentiment, I,ll tell you why, the resource sector was an easy target in this enviroment for the shorters.

Listening to Bloomberg this morning the SEC in the US is coming down hard on any one who puts out false information, to manipulate the markets of course this ia very hard to prove, but it does show that they are aware of the problem and are trying to put a stop to it