Short Term Trading Week Starting: 29 Jan, page-10

Iron ore prices are up over the weekend.  I’m not totally across the causes although I think there’s been a tragedy in Brazil relating to a tailings dam burst and there might have been some bad weather in the Pilbara and I also did read an article saying that India’s iron ore imports are up a lot.  Never nice to hear about the tragedies around the world.  I do however think that iron ore stocks will do well this week off the back of it.  My CIA tip might go alright but since I don’t have any money in it, shall be bittersweet.  I do however have a position in FMG which may also be a beneficiary.  Time will tell.  Hope the Brazil tragedy can teach a few lessons to prevent these things in the future