iron ore news, page-16

Unfortunately, price makers are rapidly going to become price takers if this scenario plays out as you suggest. Looks ok now, but what about in 6 months time, this is a falling knife in my view, you may pay more, but wait for a genuine turn, you could still lose a motza with this one, every holder that has bought in the last 6 weeks has lost, some big time. The bloodletting may not have ended yet. This is becoming serious. GLTA. Resistance levels are going to be forming everywhere, a rail deal is the only thing that may really spring it. It will need to be a really good one.