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Day Trading Pre Market - 9th July, page-7

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Toxxxic

2,796 Posts.

09/07/15

08:17

Post #: 15604553
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Originally posted by mitta ↑

thanks Jim,

morning all,

well it appears a splat fest (similiar to last nights footy) is about to open this morning for any of our stocks that even whisper the content Iron Ore... if anyone has been attempting to hold a long position for any of these - today may well be of interest. likewise if anyone has been holding them short ..

could today be the start of its capitulation ?

...........

IRON ore has endured one of its worst sessions on record, with a fresh 11 per cent plunge taking its price to a 10-year low.

At the end of the latest session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US44.10 a tonne, down 11.3 per cent from its prior close of $US49.70 a tonne.

Over the past five sessions unprecedented losses of 5.3, 3, 3.9, 4.4 and 11.3 per cent have been recorded, leading it down 25 per cent from $US58.90 a tonne through this period.

The current price is a record low since The Steel Index began releasing its data in 2008 and the lowest mark seen since 2005 when miners used to set yearly benchmark contracts with Chinese steelmakers.

In April the commodity fell as low as $US46.70 a tonne, but many hoped that would prove the floor price in the ongoing bear market, given a strong recovery back to $US65 a tonne through May and June.

However, the last month has seen an array of red signals rear their ...... for full article ....

BHP

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RIO

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FMG

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BCI

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Capitulation in process from what I can tell. I feel there's going to be some real bargains coming up for some of the better IO plays (i.e. the ones that survive) in a few months.
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First 7 Last

Day Trading Pre Market - 9th July, page-7

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

History repeats for DroneShield investors but carnage so far subdued

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

HotCopper Highlights: Trigg; Droneshield; Lumos & more

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Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

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Day Trading Pre Market - 9th July, page-7

Top Stories

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

History repeats for DroneShield investors but carnage so far subdued

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

HotCopper Highlights: Trigg; Droneshield; Lumos & more

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