FMG 2.21% $19.41 fortescue ltd

$5 !, page-59

  1. 319 Posts.
    lightbulb Created with Sketch. 517
    The way you and several others on this forum go on and on about China, anyone would think that they actually control the price of IO. If so it would never have reached well over $200 dollars.
    Fact is, markets control prices, not nations, no matter how powerful and controlling they imagine themselves to be. What we are seeing at the moment is simply a market cycle, using multiple inputs from various channels, to transfer wealth from weak hands to stronger ones. It's been going on since markets began and over time markets only go up.
    All these silly conspiracy theories and concern over whether China is upset or not matter not at all to the market. When you, me and the entire leadership of the CCP are dead and buried, IO will still be in much demand and markets will still continue to cycle and transfer wealth from weak to strong...
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$19.41
Change
0.420(2.21%)
Mkt cap ! $59.76B
Open High Low Value Volume
$19.19 $19.55 $19.10 $98.59M 5.097M

Buyers (Bids)

No. Vol. Price($)
3 32185 $19.38
 

Sellers (Offers)

Price($) Vol. No.
$19.43 946 2
View Market Depth
Last trade - 16.10pm 28/10/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.