$30 by Christmas is dreaming a bit I think but I don't think we'll be heading to $10 anytime soon, a lot hangs on whether the ore price can continue it's bounce and whether we see a cessation of the drama's in China...
Extremely short term I see a bit of consolidation from the recent spike bounce (excluding Mondaymid to short term I see a bit of recovery... mid term is hard to judge with multiple danger points (China, US interest rates, European union dramas, potential wars and other political problems) but longterm I don't really think you can go wrong at these levels.
Keep in mind this is coming from someone who picked up some puts on friday to try to trade a short-term pullback though lol
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$30 by Christmas is dreaming a bit I think but I don't think...
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