Iron ore price, page-1893

In opinion:
AGOs SP is getting close to its absolute lows back in 2016 when fear was at its highest and bears mentioned AGO was:
Apparently going into Admin.
Apparently had no hope to surviving.
Apparently had no future in the industry.

Look at it now. A complete turnaround and still profiting handsomely with net 0 debt.

So the many reasons why this pale attempt to hop on the IO bear bangwagon will fail miserably with IO and Aussie miners:

General Facts
AGO is still comfortably profitable even now. FMG is the lowest cost producer and even it has falled from grace. Why? There is no logic.

LT technical trend
Again the IO LT trend has reached its support. It's inevitable the IO price will continue up in trend. Bears have nowhere to go and shorters who hang on to this foggy doom could get BBQed by a quick up turn.

The big accumulation
In opinion, the Iron Ore market in my eyes is being weighed down in general. Generally markets after a long bear market, go through an accumulation phase. I feel we're still in this phase and investors can buy into the fear and companies can buy back. Once the acceleration pedal is on, these SPs will go ballistic.

Speculation Vs fundamentals
Apart from speculative fear based on last year's supply hypothesis argument which is weakening by the day, there is no fundamental reason in my eyes how the IO futures can just magically fall so steep with no fundamental grounds to back why when supply is balanced and emerging demand will ensure strong IO prices for years to come. This has to be questioned and fundamentals always eventually win.

Geopolitical fears with IO
Even in the worst case (hope it never happens) where theres war abroard, IO will rise as it's a fundamental resource required during this time historically.

AGO positive facts
AGO is net debt free.
AGO is funding growth to maintain 12-15 million tonnes which is critical for its future.
AGO has farm-in agreements and high probability of mining it's very own Lithium in the facility of its world class neighbours.
Is all in cash costs are 53 AUD which is equivalent to mid forties US.
AGO also has solid hedging in place to ensure it mitigated volatility just like now which is a temporary phenomenon and only favours ST traders.

Emerging upside
Trump will ensure infrastructure spending is massive which will fuel demand. Why? Because thats his strength and America knows this. America wants a better America and they need people like trump to make it happen.
Indias growth is ramping up and so are its 120 cities and infrastructure. India's demand will most likely be fueled by Chinese Steel and india domestically. Already its very clear India will increase imported ore as they need higher quality ore for urbanisation. I would suspect India can buy better quality ore for close to the same price it costs them to produce worse quality ore domestically.
ASEAN region is growing strong.
Japan is growing strong.
Countries which are coming out of financial crisis and are growing again.

Fixation on China while the rest of the globe grows
How the @£## can analysts fixate just on China is beyond me. I'm completely disappointed with the analysis these days as in opinion, its one dimensional on China and favours ST trading. There needs to be more analysis on emerging markets and what's happening growth wise in countries following in similar footsteps to China and how the one belt road can help fuel their own urbanisation needs.

Industry governance
Banking sectors need better governance and seem to be too big. For an industry too 'big' to fail is probably too 'big' to participate in markets fairly.
Shorting needs to be better governed globally.
Algorithmic trading needs better control globally.