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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: Re: Where the smart money's been going in global mining
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Where the smart money's been going in global mining
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Clavis
Jun 02, 2009 02:15AM

Within the global stock markets universe, listed mining stocks have staged the leading recovery, in percentage terms, from price troughs, generally seen during October and November 2008. This is a notable performance, given that banking stocks, especially in certain well know countries, were severely sold down; some disappeared or were swallowed up by bigger rivals. The world's biggest 100 mining companies, by market value, have now bounced by 141% on average, measured on a weighted average basis. Confidence in mining stocks has increased for fundamental reasons; among the latest, China's manufacturing has expanded for a third successive month, and the country has increased fuel prices.

How does rising fuel prices (not to mention rising global oil prices) translate into higher mining stock prices? Last I checked, fuel was a major cost for these guys.

ebear

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