I'm long FSR & SLM waiting for the budget speech, his positive chatter will boost financials in the short term, plus SBK's trading statement out earlier is also a positive. These moves will be short lived as actions speak louder than words & we all know Gordhan's hands are tied. Then will be looking for short entry till possible downgrade time.
Kumba & Exxaro WTF...? keep looking for short but not arriving who is buying up resources to this extent....?
Where is everyone's thoughts...watching what & why...?
Closed longs on FSR & SLM for w/end beer money.
Ref: KIO did some scouting could be a short squeeze on Iron ore spot contributing to recent gains in price....my theory anyway...