Commodities struggling to hold their own against a falling dollar - tradition tells us that this is always the case , but the scenario we are all watching at present is " NOT TRADITIONAL "
Lets get back to whats really happening - less steel being produced - DEMAND IS STILL SOLID America going gang busters Europe doing ok chinas volumes still going forward off a massive base Asia still building !!!!
I still believe our trajectory going forward should be up !!! Especially the next 6 months WITH HIGH GRADE IRON ORE and maybe ongoing ????????????????
If the commodity prices and the aussie dollar de- link from each other local producers start to bank a lot more cash .
Lets hope my thought are not all waffle -)-)
LIFE IS GOOD ENJOY THE RIDE
GBG Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held