AJ - I just posted along very familiar lines to you! Yes, we need confirmation. Iron ore prices now in the hands of the Chinese Commodities traders (especially steel, rebar etc.) since the SHCOMP collapse. There's no "rational" justification for IOP to spike, given the persistent over-supply.
I read that the head regulator said most of these players don't even know what it s that they're trading. But then, that's probably true of most short term traders. So long as it moves......
said most of these players don't even know what it s that they're trading. But then, that's probably true of most short term traders. So long as it moves......
