IO futures up

IO futures up 1.2%

In opinion:
Seems the inevitable bottom may be in. To think Iron ore can just fall so low so quickly based on limited downside and doomish concerns of nothingness tells me the panic was again overdone to the downside and the market once again freaked out over nothing.

Chinese inventories falling.
Global IO demand increasing.
Global IO supply plateued and balanced.
Profits still flowing in for AGO.
Debt almost gonski.

Shorters who get greedy will get bitten in a 'told you so' rally. Ouch. The way up will be just as fierce as we expect the following:
A very strong Quarterly.
Debt paid in full.
Corrana funded.
Hedging to mitigate losses from this fall.