Iron ore price, page-53961

Max negativity generally indicates when the share price has overshot on the downside.

I feel we are not far from that.
Those that says IO price below 80 or 85 USD dollars is taking a big risk. I never like to say never. Considering cost increases since 2020 and inflation. The 8.50aud price in early 2020 is about 11 dollars today.

I honestly forget what the low point was for iron ore pricea in February/March 2020. Maybe low 80s or 70s?

70 to 80 USD per tonne is possible I feel it would definitely be an overshoot. Maybe even possible to see a short spike down into the 60s but market forces will gravitate this back upwards for sure. Sure i am painting a negative possibility but it is definitely a possibility. How likely? I cannot say.

I would wonder if the chinese government will subsidise the iron ore mines.

Life is exciting always.

I want to load up big time and I am biting at the nails when to jump in. Prefer to see a bit more of a resistance (fundamental support factors) for a month or 2 going ahead.

Good luck to all investors. I hope we are all clinking champs this Christmas.