What a silly reply.
Just posted factual data on the iron ore price and you reply with that.
Maybe look at my buy and held sentiment. And I doubt millions of investors look in here.
From what I gather there is a core group of about 30 of us posting.
Iron ore price is down to $149.05US/T. This is a fact and here is the proof.
https://www.sgx.com/derivatives/products/iron-ore?cc=FEF
When the iron ore price goes down by quite a bit over Friday night we will see all iron ore stocks get clobbered on Monday.
Same applies if the ore price goes up then iron ore stocks go up.
We are also in dividend period where the stock always drops back hard leading up to the dividend
on March 24. It happened every single dividend period.
Mon/Tues FMG will fall hard.
Wednesday or Thursday depending when the dividends go into people accounts
will see people buying up stock while its cheap. Then come April is the quarterly figures
which will see the stock back up over $23 a share would be my guess before it drops back then levels out then rises.
I have said the above so many times I didn't think I needed to repeat it.
Now China is getting upset with Australia again as the US told China to back off on restricting our exporters.
This will have ramifications and we may see a perfect storm developing.
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