havent followed the debate spec but chances are that the saudis took notice of what bhp and rio are doing with iron ore (yet the chinese started it in some ways by helping to boost the production in various miners around the world), and see it as a way of scuttling the growth in the shale business in north america! i wont delve into the qe stuff too much! - but commodities do tend to weaken when $us is strong also and it is getting moreso again despite all the qe that has happened!
to stock specific stuff - chances are we have just had a double bottom of sorts form - dont claim to be chartist but i do like double bottoms! - was tossing up bpt also (esp due to moomba) but have leant this way despite risk of catching a falling knife , as even the double bottom is over a very short period so still a bit of a risk i guess! ( already had some due to half ambassador holding through takeover)
DLS Price at posting:
$1.09 Sentiment: Hold Disclosure: Held
