Funny that. Look at the Iron ore producers stock prices today. Fell off the cliff.
Coal as well.
Does not bode well for Iron ore.
I'm betting that Iron ore goes down from here for the short term.
China stimulus expected this morning seems to be about consumption rather than infrastructure, steel etc.
But who knows, they might need to announce another stimulus round later that will benefit coal and iron ore explorer/producers.
M4M, page-561
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