i agree with all the above excepting indians driving anything....

i agree with all the above excepting indians driving anything.

key to commodity price increases is the rate of change of demand - not demand growth by itself - and the indian economy has repeatedly represented as having massive raw commodity demands that never eventuated - i think mostly because they overpromise and underdeliver - and are hugely price sensitive

they also - as a rule - make poor trade partners because their common corporate behaviour is to have conglomerate structures that do related party transactions without adding value but which add incremental price increases prior to sale to end user

i totally - agree though i feel nothing but sympathy for longer term shareholders of BHP (and RIO/FMG) for that matter).

At some point it will be a buy again

but not just because indexes have hit last August's  big resistance/support levels

and definitely not when this
http://www.bloomberg.com/quote/BDIY:IND

is doing that