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clock Created with Sketch. 10/11/16
09:20
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Originally posted by paddington bear
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Where do you start on a morning like this trying to give a quick technical synopsis of the market – well where else but the iron ore price. But seriously it is up strongly. I know it sounds unbelievable but that huge head and shoulders bottom is looking pretty good at this time. I know no one agrees that it could have a huge rise but I am not going to fight the price. What I have said before is what interests me, is if this head and shoulders pattern is valid, what does it mean for the economy? Copper yummy as well.
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"So the risks of gold easing back now is increased until the inflation bogie raises its head. Probably won't be long."
(20min delay)