This why Loobs is going ding ding.
"BHP Billiton dived 3 per cent after spot iron ore fell 1.7 per cent on Friday, while Newcrest Mining slumped 5.9 per cent, hitting a nine-year low after recent profit warnings."
Can you believe this crap reporting. IO goes up form $110 to $120 and not a peep from the media as how this should play out on the SP of the miners. But down to $118 and OMG BHP loses 3% because of falling IO prices.....this is madness. And one of the main reason it was down was because trader did not bother to go to work in Singapor due to smog....bizarre.
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