Iron Ore futures down!
The consensus is that Yellen is going to reduce the US
QE by 10 Billion per month. Apparently it has already been
factored in. Does any one else agree that the market is
going to like this about as much as a bullet in the head?
Ukraine crisis has become very personal between Putin and
the West. I can't see it going away.
Keeping the above in mind and the Chinese governments IO finance issues and the large Chinese Port inventories I suspect the IO price has a way to go before we get a turn around.
IMO AGO is headed back to the seventies and fast!
Interested to hear another opinion.
io price, page-6
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