As the Chinese are preparing to sell, it will trigger a chain reaction of panic selling.
The Australian auction will cause the initial massive dump and we could even drop under $200 if the market is as weak as i suspect it is.
There may still he a little profit to make here but be careful, these will be bloody streets soon.
Whoever buys the auction is not going to dump all at once lol that's financial suicide for them. Why make so much less money than gradually selling into the rally that is going up and up? You make no sense sometimes The Australian auction will cause the initial massive dump and we could even drop under $200 if the market is as weak as i suspect it is.
There may still he a little profit to make here but be careful, these will be bloody streets soon.
it might keep the rally held back which may in turn cause a few to sell off but that's hardly a big deal when THE SUPPLY IS GOING TO BE DOWN 50% FOREVER.