I sort of feel the market has seen this all before.
GFC, then Stimulus and QE undertaken and it is happy days.
Debt crisis, lower growth, lets do QE and Stimulus.
This might give a short term kick but the reality is the debt levels are unsustainable and the outlook is quite clouded.
Not to mention Ore as a resource is forecast to be in oversupply quite soon, if it is not already. Yes the inventories have been run down but it will be coming in thick and fast and won't be stopping!!
Other resources make more appeal to me
hot off the presses io up again in china today, page-4
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$18.27 |
Change
-0.290(1.56%) |
Mkt cap ! $56.25B | |||
| Open | High | Low | Value | Volume |
| $18.70 | $18.72 | $18.21 | $313.4M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45418 | $18.27 |
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| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 1200 | 1 |
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| FMG (ASX) Chart |