Could we see another downturn before the end of November?
There are only 11 days left, and two of those are on the weekend.
It is strange to see people selling down on the potential eve of the biggest announcement CSD could make; a merger between SPM and CSD.
I guess Warren Buffet said it right when he explained that: "Wealth is the transfer of money from the impatient to the patient."
I guess the good news is that most movements are from on the board. Potentially, we could see (if people are crazy) it drop back to the 8s. Absolutely crazy, yet that is how short-term TA traders work.
I hope the fundamentals and long-term TA show them that they just made the biggest mistake possible.
Time will tell.
Tin slightly down in Aussie dollars, now $24,271 (LME 3-month price)
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