Australian Bear Raid

ArcelorMittal is considering selling a minority stake in its Canadian iron ore assets worth $8bn-$10bn-Reauters


Spot iron ore price up US10c to $US115.50 a tonne

Brazil about to flood Iron ore market-Study

New Iron port opened in Australia
http://ht.ly/ez0Mf

RBA sees cash deficit at A$3,512 Million

R u enjoying your stay here or all work no play ?

There is a picture perfect broadening top triangle on 1 H AUD-USD chart, which is usually a reversal pattern. So I'am fairly confident shorting the current levels, with a SL over 1.0445. Risk:reward is potentially rediculous.

Shipping containers come up Empty






NAB bracing for a possible downturn

Helloz i am back in the states I went to this mining expo to understand more. i will say the women and the sites are amazing. They also have amazing accents which makes them a 10.

are you talking about her? lol..
http://www.abc.net.au/radionational/...x3-340x255.jpg

is that the Mining mangnet lady who is the wealthiest of all EuroPacific/Asia?

YEAP !!!!

Gina Rinehart

What do you Ladies/Gents think on our future heading into December for AU
Risk off coming around the corner?
New long leg coming?
Consolidation ?

Did not compare gold because I don't want to do the face palm argument again lol

I think she is a 10

Gold shipments to China Surge

You want to talk about S/R with Corr and a side of Fib here it is:

Dollar Index in normal and AU futures in Grey

We break a bit lower on AU futures the gap fill is right around the corner. Dollar index is worth nothing broke through but On a daily has not Closed below the 78.6% from YTD Hi/Low

Lookout below for AUD/USD if dollar breaks this new resistance and AU futures breaks this support

News to Note from the ASX today.

Brazil about to flood Iron ore market-Study
Iron ore 20month peak
New iron ore project
Shipping containers come up Empty
NAB bracing for a possible downturn
Gold shipments to China Surge
Property slump to hit Stockland
Brazil on Interest Rates
Atlas Iron (AGO)
Indian Steel Sector
Iron Ore report
More mining jobs lost
Vale losing to Rio Tinto
Sinosteel To delay Iron ore Mine
Australia/India Uranium trade soon?
World’s Largest Iron ore ship this year

Ok noted!

Filled at the sell stop below.

PnL going into the weeks close. Like I mentioned position trading your going to have swings and when building a posiion that can take days or weeks in this case you have to pick you spots that are best.

104 10410 10350 were the only new orders executed adding to existing short on Spot side

Have been in this short since the first cut and will be in it for the next couple cuts coming. Patience

ES failed YET AGAIN and set in motion LH's LL's