interesting night, technically anyway with the S and P now closed below 1400, even more interesting is the Fed reserve members all making statments whilst the Fed Chairman waits to speak, QE, dont do QE, no need for QE, QE till infinity until economic conditions change....
Looks like Gold is coming in for a test of 1650 at some stage...
Got to say, the comment by the Resources Minister that the "Mining Boom is over" was probably better left unsaid...
Love to know who is going to turn up with huge losses in the Iron Ore space, that huge drop is going to turn up on someones books, maybe the idea of Chinese middle men have been crushed, or Glencore..........time will reviel all, personally when I saw the drops in shipping the other week of iron ore for July I was facinated to see the likes of RIO BHP and FMG fly, but fundamentals have come back into play..........
Huge options exercised this morning in NCM 114M,,,and I think alot of people are going to be PUT the shares today, plus of course its EOM, so insane window dressing expected
Cant see 30 at this time, given the volumes and the marco picture, downgrades were interesting only to me becasue for the first time I can ever recall, a target ws placed below the actual trading price by a big trading house........
on a lighter note, we should all have an ncm trading christmas drink at some stage, could be fun , informative and probably in this age of binge drinking, nice and intoxicating :)
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