You had a good trade. You got out when most people roll the dice. $1k a day is not bad at all. It showed good discipline.
I don't admire KS. I respect these people on a commercial level.
Iron ore, commodities in general are volitile, and predicting short term movements is hit and miss. But there's some fundamentals that help increase the odds of a turn around. Ari has those.
You are commenting on a medium term target for the big boys. A result that is influenced in the short term by the little guys.
Eventually the little guys don't matter.
Watch the big boys walk away with a win.
Patience.
Today may be just another non event.
Eventually all manipulations yield to fundamentals. In this case we've invested in future fundamentals.
ARI Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
