Ann: Ceasing to be a substantial holder from IFL, page-3

Hi Binbin,

I have buy orders in at .4, .5 and .6. All of my .7s and some of my .6s got taken. I am reluctant to chase it higher as IOOF could easily do another big dump. It was good to see some other buyers step up to .7 but I don't know who they are. I am in the US atm and a lot more analysts here are turning bullish on the energy sector as it has been lagging the others etc. I note the Aden Sisters who I subscribe to called the next "C" rise in commodities last week and it seems to be panning out with copper and gold getting a bump. Also the next Chinese communist party meeting is in November and I think they will want to keep there economy humming till then at least. Janet Yellen was pretty dovish the other day and Bill Gross the bond King reckons that the currency wars have started again with the $US weakening. The US can't raise short term rates much more as its flattening the yield curve too much. They need a weaker dollar and more inflation and a higher 10yrs yield before they can increase the cash rate much. In fact the whole world needs lots of inflation to inflate away all the debt including Australia. Globally, debt to GDP ratios are still going up.

AOK is clearly just a punt for me.