EIO 3.57% 29.0¢ energio limited

A healthy outlook given for iron ore prices. 'Smirk says his...

  1. 275 Posts.
    A healthy outlook given for iron ore prices.

    'Smirk says his best call was in iron ore, having correctly forecast the plunge that drove prices down 42 percent from mid- April to early September. Costs have since rallied 41 percent to $122.40 a ton and “we’ve probably seen the worst,” Smirk said, predicting $170 by June.'

    http://www.bloomberg.com/news/2012-11-14/best-metals-forecaster-smirk-sees-china-recovering-commodities.html
 
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