true and no doubt will be manipulated to an extent.key...

true and no doubt will be manipulated to an extent.
key difference however is that iron ore is utilised in construction, and obviously in very large volumes.
as such volatility will be tied to these levels, whilst gold is a precious metal.
im not overly concerned, this is just trading in its usual pattern.
lower than 3 months ago yet FMG have been enjoying a margin of $40/tonne every day. hmmm, at 30mt processed and shipped, thats another $1.2 billion in the sky rocket, or EPS of $0.40. wowza