It is good to be back again. Thanks to all for the kind words welcoming me back from being permanently suspended in error. This is now the second time I have had an incorrect suspension, so as you can imagine I am starting to feel a bit like a nose –he he
I will be taking a cautious approach today, the last day of this financial year. I will be keeping an eye on the Iron Ore producers, as well as some of the other miners in the commodities sector, amid reports that China :
1. has not settled on Iron Ore prices as yet, and many contracts are set to expire today. This could see some volatility in the share prices due to uncertainty about pricing prospects. 2. Is set to cease the strategic stockpiling of commodities amid increased prices. It is also set to crack down on speculative stockpiling by its traders, although by all accounts they are having great difficulty in trying to regulate this,
Keeping an eye on the two majors, as well as some of the minnows which have seen some substantial price gains recently. If there is some sort of pullback, there could be some nice bounce trade opportunities.
Others on my watch list will include:
LNC- it has been hovering around that $1.50 level for a while now, and any break upwards or downwards could provide a nice trade, CNX, NXS, LYC, EXE and CTP
