Price and Chart HIO, page-5754

Wow, I'm gobsmacked at how the SP is holding up despite the woes in China and Germany in particular. There is real support that indicates a transfer of weath between impatient short term holders to patient long term investors - IMHO it would not be doing this unless there were big players who know that they will be handsomely rewarded. The IO market could swing into oversupply but high grade DRI ready magnetite will remain woefully undersupplied for decades. The price of milk gets played with and discounted heavily but cream never loses its value.