any new views, page-4

How about a chart:

SO I've left off the fibs from the earlier big move which gave the resistance/support lines at 1.40 and 1.70 or so. I'm actually not particularly convinced by the fibs I have drawn, but the suggestion is that if ~1.30 is broken the downside may be back down to a dollar. Or not.

The incurable optimist in me says maybe we'll bump off 1.30. How about another chart:

I've pulled this from Macrobusiness. Interestingly, despite talk of imminent decline in the iron ore biz, the price is angling back upwards and if it breaks 1.50 it's on for young and old.

I suspect that the iron ore biz is currently on the nose due to the supposed imminent decline of China. Iron back at eighty bucks! is what they're all saying. It's not what the charts are saying just yet. The Twigster's been getting it a lot too. So the question is, I suppose, as it so often is for explorers of this type: are the company fundamentals good enough to survive a downturn?

Anyway, I would imagine that Our Fearless Major Shareholder is looking to pull another Monet out of this one at least.