Australia Mining Tax
+ Proposed uniform 40% “Resources Super Profits Tax” to be implemented July 1, 2012
+ Rio Tinto is threatening to shelve their expansion plans in Australia.
Baron’s Big Money Poll
+ Investors are optimistic but cautious: 46% are either bullish or very bullish; 16% are bearish or very bearish; 77% are expecting to buy stocks in the next 6 to 12 months.
+ 49% believe commodity prices will rise over the next 6 months; 40% say they will stay near current levels.