Whilst driving home I had the misfortune to hear a market report and one of the reasons given for BHP rising against the tide today (a staggering 0.28% rise) is that iron ore prices are surging….. Interesting how a 31% collapse is seen as a surge. Journalists are so thick.
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I posted a variation of this chart yesterday and I was thinking about it last night as to how people would interpret its relevance. I could construct a narrative that went along the lines of the market is congesting and therefore should opt for not adding to any of my current US positions. Alternatively I…
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