Choppy
I think a lot of your points are directly related to the time of year. The Xmas period is a 2 week right off as a rule. The timing of the wash test might be perfect as it lines up with the general market coming back to work. I noticed that GUF has had a very nice turnaround from the silly oversold zone of a couple of months back. I keep reading a lot of bullish articles on China (analysts were too negative and should go to China before theey are allowed to print anything) so we can expect some more interest in the bulks. Coal is the standout as iron ore has already run back up. Big fan of Mongolia and if we see the mining tax actually take any revenue, then it will only make these countries become more of a money distination. dyor.
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