Morning Report Thursday 27 November 2014
Iron Ore and Oil keep tumbling, do we catch the falling knife?
The U.S. Thanksgiving holiday weekend is upon us, almost 50 million turkeys will be served and markets in general will slip into a slumber to match the satisfied Americans. With this in mind it creates the opportunity to revisit two markets that are falling aggressively. The number of questions I receive from subscribers around these two sectors dwarfs the rest of the market, clearly illustrating that unfortunately this is where the most investor pain is being felt. Both Iron Ore and Crude Oil have been hammered, the double whammy hit of increasing production and falling demand reflected in their respective markets. Trends have a habit of lasting longer than people think so I remain cautious as to how much further they fall.
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