ahhh, so much love on this forum. Thanks for the laugh Richie, needed that today. ZZ I don't mind ozblue's comments. He isn't a fan of AGO, but at least he does make good factual statements. That said as I said last week, why so many non-holders comment so much on this stock sure makes you wonder...and yes I could not log on and read them, but then again I can log on and say whatever I like also
A bit more good news below from Business Trader today:
Chinese iron ore futures soared in overnight trade with the most actively traded January 2016 contract on the Dalian commodities exchange surging by 14.5 yuan, or 3.95%, to 382 yuan.
The contract currently sits “limit up”, meaning it cannot rise any further today according to contract specifications.
The surge follows a small bounce in the iron ore spot price, the third consecutive daily gain, with the price for benchmark 62% fines rising 26 cents, or 0.48%, to $53.93 a tonne according to Metal Bulletin.
hould the enormous gain in Dalian futures be maintained during Friday’s day session, it suggests there’ll be a hefty increase in the spot price later on this evening.
Trade in Dalian will resume at 11am AEST.
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