strap yourself in for io price surge !

http://finance.ninemsn.com.au/newsbusiness/motley/8713105/iron-ore-price-breaks-bullish-trend

The ninensm daily does of IO scary tales today had a graph which to the casual observer backed up the silly assertion that there is going to be a Sept price slide.

I thought the pattern of the white arrows was pretty lame to say the least.

The reality is that whenever there has been a destocking in the first half of the calendar year, August is the month when prices actually begins to rocket upward for months. (Red Arrows I added).