Another lesson for Legume The reason why the market waits for the figures to get published every night is because you can have a very large divergence between prices for cargoes and between cargoes at different ports. The only price that matters to companies like AGO is the PLatts Steel Index 62%Fe spot price (CFR Tianjin Port) as that is what the AGO discount is derived from. It's especially relevant to AGO because all their forward sold cargoes are priced with respect to the PLatts spot price.
As per Richie's post you can often see difference between some trading houses and Platts of several dollars/dmt.
Below is a print screen of RIO in London over the last two trading days. Guess what happens at 10.30am?
The only reason why you would need to get daily leads or hourly updates {as you have stated you get} is for day trading.
I told you on Sunday why AGO was about to come tumbling down, I listed all the reason why and back up everything I said with data and other references you appeared to disregard what I said. Then you broke into some nonsense about your sisters divorce.
There was overwhelming evidence to support a pullback today! The point I am making is if you couldn't make money day trading on Monday the 10th, you are probably not ever going to be able to!
I have made money on the last dozen trades I have made with AGO, what is your run rate?
AGO Price at posting:
93.0¢ Sentiment: ST Sell Disclosure: Not Held
