Q: Would you buy Rio Tinto at current levels primarily for copper exposure? It seems cheap at ~10x earnings with a 6.4% dividend yield.

On a technical basis the chart seems to have a wedge pattern formed over the last 4 years that looks like it is about to resolve. With copper prices close to all time highs, in my opinion it seems more likely to resolve to the upside than downside. Would you agree?

Thanks!

Q: Peter; I’ve gone over your previous answers on AA and obviously it’s not your fav- but I’m just looking at the 5 year chart and see it maybe bottomed- 5 year high up in the $90’s - won’t it participate with a declining USD ? Your thoughts please. Just a small flyer .

Thanks.
Rod

Q: Is this still a good company to hold in this environment? Are Rio, BHP better options?