USD very strong tonight. Up over 4% against Sterling in just a few hours. AUD now at 67c. I urge the WSA management to seize opportunity and hedge at this level. If greenback tanks then profits will be hugely affected. Our economy much stronger than most. Feel AUD is now oversold. Meanwhile copper sailed straight through 2.oo/lb tonight. Down 4%. Ni down but not by nearly as much. However, 4.62/lb is fraction of metal price of 2 years ago. Next 12 months will be a testing time.
WSA Price at posting:
$3.40 Sentiment: Hold Disclosure: Held