iron ore price, page-105

RIO Lon up .59%
BLT Lon Down -1.05%
GLEN LON Down -1.67%
AAL LON Down -1.08%

RIO NYSE UP 1.64% {After market down}
BHP NYSE UP .86% {After market down}
CLF NYSE UP 2.39%
VALE NYSE UP 2.07% {After market down considerably!}


Platts Spot Price 62% Fe up $2.50 now $107.40/dmt USD

Australian Dollar now buys .898 USD

Platts Spot Price 62% Fe 119.524/dmt AUD

Atlas is currently making $20.24/wmt AUD

After D&A of 20/wmt they are now making money. lol

Super
I wasn't taking profits I was shorting the hell out of the

whole IO sector for obvious reasons!


It's likely their going to have more business defaults
in China and there could be more drama to unfold in
Europe.

I'm not sold on the bullish Iron Ore market yet.
But I'm am almost there!


Today could be a good day for AGO but if it opens too high
I would stay well clear of it!
If the IO price drops tonight, tomorrow AGO will come
tumbling down again!


When Iron Ore rises above $115/dmt US again I will become
bullish on the Iron Ores again.

I would put Atlas at the top of my list followed by BCI
and FMG.
I'm staying clear of MGX until we find out what the
Chinese dominant share holders are going to do with all
the cash! lol

This article has a bearish heading but the last part
explains why we should be bullish long term.


China Slowdown Is Rocking Raw Materials


http://online.wsj.com/news/articles/SB10001424052702304020
104579433563228976316

Their forecasting a 40% growth in demand in the next 10
years. AS I am continually pointing out to the dismay of
other AGO punters Iron Ore mines are depleting rapidly.
In five years how much of the global Iron Ore supply will
be competitive with Atlas Iron?