Rio Tinto is a world leader in finding, mining and processing the earths mineral resources. The Groups worldwide operations supply essential minerals and metals that help to meet global needs and contribute to improvements in living standards. Rio Tinto encourages strong local identities and has a devolved management philosophy, entrusting responsibility with accountability to the workplace. Major products include aluminium, copper, diamonds, energy products (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc and zircon), and iron ore. The Groups activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa. Rio Tinto comprises wholly owned subsidiaries (such as Borax, Comalco, Hamersley, Rio Tinto Coal Australia, Kennecott and Rio Tinto Iron & Titanium), partly owned subsidiaries (Coal & Allied and Palabora) and non-managed, (Escondida) and joint ventures (Grasberg) in which public shareholders, other companies or governments are partners.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Iron:        29%
Coal:       19%
Copper     18%
Aluminum: 14.5%
Minerals:  12.5%
:              6%
Misc:        1%

just shows that my old woman's intuition was reasonably founded! .... felt that there was a decent profit to be had, and all too easy to find it has disappeared.

interesting about the bolli bands .... i checked RIO going back over 5 years, and it is indeed true .... however, as i am not sure how these bands work, it may be almost self-fullfilling

followed my own advice and treated this as a trading stock, so have now sold balance and made the bank manager happy ..... anyway, am off to bahrain (shall think of you Peter, in that scorching heat!) for a couple of days tomorrow, so shall not be able to monitor too easily

Am thinking of going to the F1 G Prix at Sakhir next year, Cynic. Any tips on where to stay?

i'm staying with a friend of mine in Bahrain, but your best bet is to go via the internet ..... tripadvisor isn't a bad site to start with, but it's nearly all american input ..... having done that, check the specific hotel site ...... be prepared to have your wallet emptied, for that part of the world is horrendously expensive in the tourist areas, dubai being the classic

Harry
I spent about 1 year working in Bahrain, most of the hotels are very similar in quality and amenities. If you want to push the boat out, stay at the Ritz Carlton :)

surely you cheated and had us poor taxpayers footing your bill - lol!

more seriously, other than the fact that prices will assuredly be inflated for the event, are there also reasonably and good places to stay and eat in bahrain?

The better quality hotels all offer much the same thing, Gulf hotel, The Diplomat etc. Best restaurant area is close to the Gulf Hotel, probably a choice of ten or so in close proximity. Can't remember all the names but Bamboo, Mezzeluna to name two. Food is actually reasonably priced, it's the alcohol that doubles the bill! Most of the hotels have restaurants, think the Gulf has five, of which the Thai is recommended and the Lebanese with belly dancer a good night out!

Harry put your tongue back in.....lol

it'll get badly sunburnt in bahrain at the moment, that's for sure!
must confess that i fail to see what is so exciting about F1 for there is so little over-taking.
on the other hand, motor cycle racing is really exciting to watch, at least on the box ..... is suspect it's equally dull trackside as you only see a fleeting few seconds of action

I used to work for Team Lotus (JPS) many years ago, so F1 is a bit of a hobby for me. I enjoy the travel & the circuit atmosphere & try & go to one meeting each year.
Unless I strike it particularly rich over the next few months, The Ritz is probably out of my budget, but I am more than happy to rough it with one of the local girls if necessary!

Nod nod wink wink ;)))))

local girls don't fuck, and stay well clear of the asian semi-pros who may will give you a leaving present!

Thats from a man who knows.......;))

fortunately not from experience - lol!

Well, that turned out to be a good trading tip, RIO down 80 odd points today.
Coincidence of Bollinger band and 200MA was always going to be a tough hurdle.
Mind you, easy to say after the event :)

very happy to have banked that profit!

glad to be out with nice profit ...... may buy back in at 2400 - see chart

for the brave and nimble ...... sp has just fallen to 2375 where it touches on 25 dma ..... trade for the bounce, though as i said, it's for the brave and nimble (or the quick and the dead!) as RIO tends to be at the best of times

http://www.telegraph.co.uk/finance/newsbysector/industry/mining/6003057/Rio-Tinto-shares-slide-on-China-spy-claims.html

Seems like my little Bollinger Band tip was a pretty good one (not that I can take any credit for it). Now down 248 points since posting, good as trading the DJ or a similar instruement