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%

THANKS.....lol

gold gets hit, so RIO gets whacked, though not a gold miner ..... gold goes up, and RIO pretty much gets ignored, because it's not a gold miner!

that chart in the header says it all for me, dont know.
one day i will.(think i will know that is) one day i look forward to making a few bob on this. as always dyor.
regards
jkd

chart below shows current level is half of high but are regularly sort of place to be

3300 has proved someting of a stumbling block in the recent past, so while accepting that prices at this time of year are even more volatile and nonsensical than usual, it would be encouraging indeed if this new break upwards can be maintained into the new year

PS - i can't make head or tail of the previous post either!

due to seasonal oddities, i will cautiously say that the resistance at 3300 has now been decisively broken ...... from a total amateur's chart point of view, 4000 looks to be the next serious resistance.

Peter is much more sophisticated with charts than i, so it would be useful to hear his comment

3600 was looking a bit of a resistance, but that has been shattered this afternoon

missed out big time here,... ggggrrrrrrrr!!

as sp can easily move 1 either way, you have to think of RIO as a trading stock, so the criteria are slightly different

or in this one's case 3-4 at a time

i meant "a day" .... i actually bought back a slice during the afternoon, and even that is now showing a tasty profit .... have to keep reminding myself not to get too greedy

Because Rio had a rights issue, 21 for every 40, dilution equates to a price well above 50 currently

confess i hadn't realised that, but just emphasises what a strong company RIO is then

They have doubled from 18 when the RI went through, though look very much at the top of the channel currently to my myopic vision

talk of possible 50 sp making really sick now, lol hope it takes a rest soon.

for sure they will, and as i mentioned they are very volatile, so to be treated (imo) as a trading stock

BB - i don't think you've missed the boat at all ..... you just have to work out your entry and exit points and be prepared for a volatile ride ..... it is of course a very "heavy" stock, but fortunately in CFDs at least, the margin low.

for myself, i got my timing reasonably ok, though i sold some arguably too early, and sold some more yesterday, though i still hold sufficient - i confess to having been very greedy and being even more fortunate not to get burned.

it took a while for sp to break through 3600, but it has now done and looks to have consolidated above that level - i.e. 3600 should now offer some support ..... meanwhile, RBS has tipped this as one of their commodity stocks for 2010, and certainly the chart shows 4000 to be the next level before resistance.

It's the 10 lurches down which worry me. Prefer BLT though argueably less volatile & therefore less interesting.

RIO = blue
VED = red
BLT = green

Looks like we should be trading VED then, with the greater price swings (or ENRC)?