Iron Ore Future Price, page-3

I read a book on the stock market recently which had a quote from a very well regarded fund manager in it. I took a photo of it to send to my brother, who is an economist, as it took the piss out of economists and basically analysts in general who make these grand predictions but alas I can't find the photo. Essentially said he considers them less accurate than astrologers, who've never predicted any of the major crashes for the last 100 years and would kick them down the road in the blink of an eye.

I would like to know wha their reasoning is for the $55 a tonne theory but as I stand here today, I would consider it a load of shite. I'd say come back to this message in a year but no-one ever does that. I'd also say they're one of the few people call such a drop in prices. I don't mind contrarian thinking but that seems extreme.