Hi drummnutt,PBG is unlikely to retrace to 60c in 6 months, it...

Hi drummnutt,

PBG is unlikely to retrace to 60c in 6 months, it is more likely to be the other way, just my own value judgement. The reason, the ozzie $ will remain strong, the US $ is likely to weaken lending strength to commodities.If that is the likely scenario, then we are looking more towards the next major resistance level which is about $1.60.US is about 80c now, we are looking it to be 85c in 6 months time, conservatively. So, the $1.20 you mentioned is not out of the question. Only 2 days ago, someone mentioned they missed getting into PBG at 77c on another Forum.Today may be the day we are able to buy PBG at sub 90c, for next week it may be a thing of the past.For people that want to jump on the badwagon, best do your own research or consult your financial adviser as to the suitability for your own particular situation.Today is a buying day?