FMG 5.53% $20.14 fortescue ltd

Iron ore price, page-53179

  1. 10,267 Posts.
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    Well that was a shi't of a day.

    But if US equities don't shi't themselves overnight we could be looking at a trifecta tomorrow:
    1. IO is having a strong night session, Copper also recovered hefty losses.
    2. The AUD has had its guts ripped out of it.
    3. Currently US markets have some gains....

    RIO is trading higher which is significant because:
    1. It lost ground in Australia;
    2. The AUD tanked since then as well.

    So that would be suggesting a $115'ish open for RIO tomorrow at this stage.
 
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