Good morning traders Thanks Highlandlad.
Iron oreful. Yikes!
Iron ore prices looking shaky with some talking heads suggesting below $100 shortly, then even to test 2012 low at $ 86 .
Not a good look when many iron ore players are expanding their capacity.
I wonder how Gina is feeling, with her Roy hill Project just in the early stages against a backdrop of falling prices.
Prices bounced back pretty quickly last time they fell off a cliff in 2012.
Heavy weights BHP and RIO felt the pain yesterday with sizeable falls along with the smaller iron ore
Plays such as AGO FMG & MGX getting hit even harder.
The more marginal producers and ‘one trick ponies’ likely to suffer more than the big guys.
Trade safe
daytrading 11 march morning
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