vagrants, chinese will spend money on infrastructure, specially the gas pipeline between china and Russia, coal and oil are old commodity now, that's why BHP was down big time yesterday, while RIO was only down half.
coal will be replaced by clean energy sooner or later, more importantly, Chinese wont invest asset or infrastructure to support coal plant
oil is under fight between born rich mid east and born arrogant American, the former born with cash, the latter printing cash
IO will never ever under demand or over supply, China today's 7.5% growth is built on decades of double digit, so the base is huge, India which only has 100mil less population than china is catching up fast.
PDY Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
FMG Price at posting:
$2.79 Sentiment: Hold Disclosure: Not Held
FMS Price at posting:
1.9¢ Sentiment: Hold Disclosure: Not Held
RTA Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
