My thoughts are long term we are still in a bull Market, the demand for Oz resources is huge.... Global supply and demand will keep the resource boom ticking away for a long time to come. Oil prices will have an effect on the profit margins of Miners as will the effects of the Oz dollar.
All markets will correct at sometime, remember the old adage --- everything will regress to the mean... (that doesnt say if Im mean all will regress to me either)
Chartists, Tech Analysts, Elliot wave theorists all agree we will have a correction here and there, but the market will live on. The next support levels for the Dow are at 13000, then hopefully the wave 5 bull run, and as Martis mentioned the biggest and best of all... I do agree with him on some things but not all, but I do respect his point of view as well as all others..every one has their opinion.
In the long term we all will survive --- It wont crash just correct...Just be ready for the opportunity it will provide to buy undervalued stocks
And I do believe in the Minerals sector - I work for BHP
MRX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
