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Gold/Mining/Energy : Companhia Vale Do Rio Doce (RIO)
VALE 11.840.0%1:10 PM EDT
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To: BitterSalt who wrote (459)8/7/2013 11:13:05 PM
From: rsroberto  Read Replies (1) of 461
 
Tomorrow we can expect a sharp decline in VALE.
The currency devaluation effects on the debt create a doubt about what's the real profit (remember that the mines and equipment are not corrected when the dollar improves). I expect that after the sharp decline in the beginning it will recover.
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