Iron ore bullish as Chinese futures surge, page-223

IO at $80 was considered expensive then, before and after the GFC , so we can't become to greedy again, remember what happened to the price when it got over $100! truly it became unsustainable at these levels, even during a heated and bullish IO period.
IO price at $80 $90 would work out just fine, unless the chinese and the Asian communities stoke up the expansion boilers again; but don't put all your bets on that outcome just now. Things are steady in Asia, but things could also get shaky very quickly.