GBG
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0.00% 2.9¢ gindalbie metals ltd

strap yourself in for io price surge !

  1. Matt747
    10,494 Posts.
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    27/08/13
    15:59
    Post #: 12250744
    http://finance.ninemsn.com.au/newsbusiness/motley/8713105/iron-ore-price-breaks-bullish-trend

    The ninensm daily does of IO scary tales today had a graph which to the casual observer backed up the silly assertion that there is going to be a Sept price slide.

    I thought the pattern of the white arrows was pretty lame to say the least.

    The reality is that whenever there has been a destocking in the first half of the calendar year, August is the month when prices actually begins to rocket upward for months. (Red Arrows I added).

    GBG Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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