Thursday, January 7, 2016

Finally COE prices will trend down faster

There is nothing to be surprised about, rather it is a signal from buyers of what is coming keeping in view of the darkening external economic and security environment. If China catches a cold the whole of Asia gets pneumonia. 

The most important feature is until the final minutes to tender closing the highest bid was $22,000. I expect volatility and the general trend to be downward going forward. 

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