Which way? Metals

[themickey]

Iron ore futures which had been hot to trot, now not.

 

[themickey]

Log scale of iron ore futures on a long term lookback.

 

[themickey]

This one would probably interest me were I trading US stocks, which I'm not doing.
Log scale.

 

[themickey]

On the ASX, this one (iron ore supplier) is what to trade/invest in.
This time I've used a percentage scale on Y axis.
Also paying something like a 21% dividend yield, now you can't complain about that.
Just don't be buying at the top.

 

[themickey]

No metals spared Friday, but we're getting closer to the buying zone.
Be prepared to wait 6 weeks.

 

[themickey]

Uranium stocks across the board took a smack Friday, but looksee the futures....

Little chicken littles will follow other little chicken littles.

 

[vanzandt]

View attachment 268097
No metals spared Friday, but we're getting closer to the buying zone.
Be prepared to wait 6 weeks.

Mick!
It's arrived. China's Lehman Brothers moment.
Watch out below.

 

[themickey]

Mick!
It's arrived. China's Lehman Brothers moment.
Watch out below.

ASX stocks today took a huge hiding and I felt it but I still bought into 2 small positions which looked like bargains.

 

[vanzandt]

ASX stocks today took a huge hiding and I felt it but I still bought into 2 small positions which looked like bargains.

Have you looked at coal lately?
Its better than Uranium.

 

[themickey]

Have you looked at coal lately?
Its better than Uranium.

Coal is on my black list, scuse pun.
Whitehaven would be one of the better quality ASX coal stocks but, ya, not drawn to it, too much opposition from everyone to coal investing, so it carries additional risk which makes it lose its appeal.