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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (80049)	6/7/2023 11:37:30 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 98044

I'm not sure but I think I had a sell signal last night on the R2K so today should be a top short term. FA pondering... I read last night that China steel exports were the highest in 7 years. Iron prices are in the toilet. I know China goes on buying binges and stockpiles ore so the two don't always line up. My question is twofold, who's buying all the steel when most economies are stalling? (Middle East? India? US infrastructure bill to create American jobs is using Chinese steel? LOL). Second, how long before their iron stockpiles need refilling? The miners are down, expenses are up about 30%. I'm wondering if they might tighten their belts, get efficient again and then get a boom when China has to restock ore.