STP SPIKE

been recently looking to buy in the U market and checked spot at 27.85 on Friday..

IMO, we are going to see a spike in volatility in the next two weeks... don’t ask me why but I think spot prices have the potential to go mental- in either direction but I think downside risks are limited by a) falling U stock prices and b) U price maintaining gains. If it materialises, I expect U prices to hit 29 or above in the coming 2-3 weeks.

A potential opportunity could be presenting itself to get exposure into companies like PDN, CCJ, YCA.l. I hold all three and are in the green for all of them. I did that by buying dips such as the one we are experiencing right now.

Patience alone doesn’t pay, it’s the execution of well placed buys and sells over a trading period. As such, I will be adding to all three positions on Monday.