Member Info for LythamSlim8

...and it's game on. Picked up 45k under £1.40. Audaces fortuna iuvat

If this is going to £2.30 as some suspect, then the price needs some downside action to slingshot over £2.

But if this plunges again we could test the upper £1.30s

Vale down -4.46% in NY. Anything can happen! Might be worth keeping some powder dry in case FXPO takes a beating over the next few days

Wise words & I totally agree. 12 trading days until the results - experience suggests a good deal of action can happen to the price in that time. My nagging concern is that we haven't seen a selling climax on this leg down. Maybe a candlestick outside the Bollinger Bands or a touch of the lower price channel. Concerns aside, this is a great play generating oodles of cash & reducing the debt gearing. My guess is this commodity cycle has years to run.

Either the £1.54 level (which acted as resistance in early December 2016) provides support here or we're heading lower - maybe the mid £1.40s. MACD still negative.

This could be big news for commodities tomorrow http://www.bbc.co.uk/news/world-asia-china-39137294

Iron ore down, talk of more supply coming on tap. Inevitable really at these price - classic commodity cycle http://seekingalpha.com/news/3248222-iron-ore-prices-may-snap-back-toward-fundamentals-analyst-says MACD negative. You could have anticipated bad news in the pipeline to explain the price weakness. When opportunity knocks around the mid £1.40s it is unlkely any news will be positive IMHO. VALE under 10 on NYSE. Bon chance

'external administration' - http://www.telegraph.co.uk/news/2017/02/28/gunmen-east-ukraine-occupy-donetsk-stadium-amid-standoff-coal/

http://en.interfax.com.ua/news/economic/406116.html

That's 3 weeks tomorrow. MACD negative & losing traction. Looks weak - suspect we'll see more blood letting, in the form of another plunge towards the bottom of the price channel (mid £1.40s), before the 22nd.

Couldn't resist topping up. Decent results from VALE. Bernstein's Paul Gait believes Vale has reached an inflection point, as "cash generation and rapid de-gearing is the agenda henceforth, and we believe that the positive results today should lend further weight to this argument." Couldn't resist topping up. Decent results from VALE. Bernstein's Paul Gait believes Vale has reached an inflection point, as "CASH GENERATION & RAPID DE-GEARING is the agenda henceforth, and we believe that the positive results today should lend further weight to this argument." http://seekingalpha.com/news/3245863-vale-enjoys-huge-swing-profit-higher-iron-ore-prices

Yes my mistake. Didn't refresh the chart after the school run. This share can really move, 10% + in a day amazing volatility . Been trading it around a post since 86p

But an ugly looking bearish engulfing candlestick on the daily chart

Perhaps you'd like a few comforting words - their, there, they're

Most miners already closed their opening gaps

Here's to a positive finish on decent volume. As Virgil said Audaces fortuna iuvat

Don't forget RIO report tomorrow - should have a significant effect on the sector

Nothing unusual in ratings agencies playing catch up - by their nature they are behind the curve. Still, onwards & upwards. Now, despite the trouble in Eastern Ukraine other miners appear to be thriving - http://en.interfax.com.ua/news/economic/401577.html - business is business

http://en.interfax.com.ua/news/economic/401617.html