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nwsailor

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nwsailor

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Re: Fred Langford post# 372327

Tuesday, 03/22/2005 10:14:42 AM

Tuesday, March 22, 2005 10:14:42 AM

Post# of 704019

I noticed you are following RIO. What are your current thoughts on this one?

Fred
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RIO is a LTBH for me at this point. The price increases they are getting are astounding. They are the worlds largest producer of iron ore and the buildup in China steel companies are adding a lot of pressure to the market. China will probably increase the mining of it's own ore, but it is an inferior product. Substitute products like aluminum might become more attractive but the energy costs are high there as well.

32 appears to be the low end of the box for now.

I've been playing commodities outside the country. Oil in Canada, iron ore in Brazil and (oops,) gold in SA.

nwsailor

Think or thwim

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