sometimes I ask myself some silly questions. who needs iron ore to produce 80% of world Steele? Chinese. who set the price? Chinese. who has iron ore? Aussies. have we got enough for Chinese? yes. and then WHY is Chinese whom which sets the price themselves want to spend more than it is should be?! @ $200 we will sell, @ $150 we will sell @ $100 we still sell them. Koreans Japs Indians will also be happy with the lower price. so who was the one push up the price and WHY? is that gonna be some to push again next year? and how?
by the way Chinese authorities just arrested couple of guys for something something something..........
good luck and happy trading.
Iron ore price, page-39197
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