Wednesday, January 13, 2010

RIO & BHP get the tick of approval from Deutsche




The info below is very interesting. Seems that steel is still the big thing, even though there is still a lot of anxiety out there in general. It will be interesting to watch the money flow over the next couple of months as we are definately in for some form of pullback. I am not going to say it is happening just yet, even if I really would like too.
YES I AM STILL IN BEAR MODE.
(Bloomberg) -- Rio Tinto Group and BHP Billiton Ltd., the world’s second-biggest and third-biggest iron ore producers, had their earnings forecasts raised as much as 39 percent by Deutsche Bank AG on increased metal price estimates.


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