Iron ore price, page-32657

Yep, for all of May we had the doom and gloom articles from the great deceivers with quotes like "peak ore has arrived", "China importing scrap metal in lieu of Australian IO to hit exports", "super cycle at its end", "Beijing doing this that and the other to reduce IO consumption" and my favourite from the clowns at Financial Review "China going to start mining IO in Russia, Kazakhstan, Myanmar and Mongolia to stop IO imports from Australia". All from a secret paper from the Chinese Ministry that fell on to someone's desk at the Lowy institute.

These journos must get on the turps every Friday night with their mates from the big trading houses and think of what BS can they make up next week to spread fear amongst investors to make some profits on their positions.The old supply v's demand curves tells you all you need to know, basic economics that's been going on for hundreds of years and no matter what the spin merchants publish won't be changing in the future.

As Dave Byrne from Talking Heads use to to sing "Same as it ever was, same as it ever was"...