IO Futures says bottom, page-55

squirrel88, this is fantastic idea but you can not just go and buy - there are contracts to be signed etc for longer time periods. It would be easier to simply buy ore on the futures market, close the mines, do not sign any new delivery contracts and sit and wait until recovery comes back. Problem is that recovery is not coming back for quite a while as BHP, RIO and FMG keep flooding the market + new mines are about to come up as well (vide G.Reinhard's mine). So I think that iron ore miners are toxix now. Of course there would be some aggresiive short term rallies (ide ARI days ago) but big picture for ~ 3+ years is really bad.