Iron ore price, page-109

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Hardrock25

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21/02/17

22:20

Post #: 22793645
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Originally posted by Samboy69 ↑

SOUND the ALARMS!

$94.86 IO price !
Massive increase overnight
Wants to smash 100! and quickly, IO producers are going to rocket ride.

If global QE takes off with massive infrastructure building in EU US Japan China Russia even, then
expect IO price to smash US$100T at some point before a settling down around 80-110.

US congress & president now discussing if the wall & infrastructure building programme will be US$500B or $1T! China approved US$600B late last year, Japan mentioning $400B, EU discussing QE of $500B for all last year, silently Russia has had its rouble spike up and invested in local infrastructure massively, anyone remember $200B spent on Sochi in South Russia for winter Olympics? It hasn't stopped yet. The Russians are building massive stockpiles of tanks, APCs, AK47s and weapons and exports are higher now than during the cold war!

The global military production boom& global building boom is fuelling the IO price spike. The chinese are importers and cannot control production or spot prices, they are going to be held to ransom above 100 looks like.

The experts have been wrong since 2000 on the IO price, whenever they predicted higher prices it went down and vice versa, same as with the gold price, now they are reluctantly increasing forecasts I watch the demand cycle

we have had the lows so the uptrend is still in play, now with a steady hold around 90 its still bullish consolidation pattern looking to break at 100 imho.

The global trade wars & all this stimulus will ensure IO price is solid for this year leading to higher global growth.

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You forgot to add the 100s of nuclear power plant constructions already commenced and being constructed as we speak.

AGO Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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Iron ore price, page-109

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