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I think everything is pointing to a big swing in the price next year ...... up .

Coal looks the same . Everything may flop in the states but India and China will fill any gap in US intake that may come about .

What is more interesting though is the consolidation that everyone thinks is mellowing , it's actually just a pause . 2008 looks like it could be a record takeover year too .......... and it looks just like the last mining boom but on a much grander scale . All the South African exits will be reconsidered and that will probably semaphore the beginning of the next phase .

What the financial markets have to get into their thick heads , is that a global economic shift has been under way , for over 4 years now , yet they have gone on their merry way . Ask an elderly person , it's just a repeat of previous economic shifts , the scale is just larger . The resource sector , which supplies the main ingredients to make economic cake , is the core attraction . Then they have to bake it .

Energy makes us warm and cool and gives us all the things we need to go on our merry way , as it is an essential , the cheapest forms must be sought to aid manufacture . For the energy units to be cheap they must be in ample availability , to those that need them the most , . et al India ..... and China .

And we need it to bake the cake ! Let the delivery drivers worry about the petrol prices ................ they can always be outsourced .

PS.. oh yeah , the big haha is that the takeovers are going to be SCRIP ....... There'll be no giving away CASH .