Ha Ha @peter2 .Yes, I'm not interested in NUF anymore. It's going to take some time to stabilise and form another base pattern. The business needs time for the droughts to ease, time to reduce inventories, time to see if there's any ramifications from the Monsanto case. reduce debt levels etc.
Of course I could be wrong and price makes a dramatic "V" reversal. I need to wait for a low risk opportunity. V reversals are not low risk. Gambling is not low risk.
Just an update but price is back down to the March lows as of now.Since my untimely call that the "bottom was in" on NUF the price has indeed made a "V" reversal to fill the gap. Price is still below the sloping resistance line and should need more time to form a solid base.
True.Shark are circling, in a world of antivaxx and GW propaganda, who cares about facts or science
Definitively,when you see billions compensation for a gardener having cancer.. seriouslyTrue.
Shouldn't the law require scientific evidence? Maybe we need to ensure juries to be scientifically literate.
Dr Joshua Mylne is an Australian Research Council Future Fellow appointed jointly to the School of Chemistry and Biochemistry and The ARC Centre of Excellence in Plant Energy Biology at the University of Western Australia.
"Frankly, I tire of this glyphosate(RoundUp) mania, which I hoped would stay in the USA – the silence as scientists wait for people to be sensible seems not to be working, so I will try to say something.
The overwhelming opinion of experts is that glyphosate is safe. People forget ‘the dose maketh the poison’.
The scary data sheets that come with herbicides are for the concentrated compound, plus all the chemicals needed to dissolve it, plus the detergents needed to allow the chemical to penetrate the leaf – the concentrate is a toxic cocktail to be sure.
However, the concentration at which what’s in the bottle is applied is usually 1,000 times less, or even more dilute than that. What might remain behind days or weeks after spraying might be many orders of magnitude more diluted than what it was applied at. (of course it is, otherwise things would not grow back in 2 weeks’ time!!)
Our exposure to toxins is a constant - some exposure is more noticeable than others. One of our favourite drugs, alcohol, is quite toxic and a KNOWN carcinogen yet we pour it down our throats with vigor every weekend. It is considered a carcinogen by Cancer Australia as well as the IARC who ruled that for ethanol there was “sufficient evidence (highest IARC classification of carcinogenicity)” for it causing cancer of the oral cavity, pharynx, larynx, oesophagus, colorectum, liver (hepatocellular carcinoma), and female breast.
I wish people would trust experts and keep some perspective. If you seriously want to lower your cancer risk, keep using Roundup and stop drinking. I am disappointed to think Australia might go down the same road as the hyper-litigious USA."
Professor Ivan Kennedy is an expert in risk assessment and environmental fate of pesticides at the University of Sydney
"The International Agency for Research on Cancer made a bad mistake in claiming glyphosate was a probable cause of cancer. There is no convincing evidence for this and much evidence gathered over 40 years about it as the safest herbicide known. Any replacement will be more likely to be damaging to human health. Of course, I also agree with the previous article from Sydney Institute of Agriculture that it is unfortunate farmers are so reliant on glyphosate and that alternatives as good aren’t available. But just as that SIA article says, finding a replacement as good is very unlikely. The precise specificity for affecting plants only by a chemical inherently so safe to animals is unlikely to be repeated. I sincerely regret that the law is being used so badly in this case."
Thanks @AnnJust a chart for Miner, $3.50 could be a floor but I wouldn't be taking any bets. It is still well under the falling overhead resistance line coming from June 2018. It may see a short term rally if it hits $3.50 in an effort to overcome the falling overhead but I would be astounded if it did overcome the falling overhead. However I could be wrong, it might surprise us all!
This is a 10 year daily chart.
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