iron ore price dips to $154 from

Oh no !

The iron ore proce has come back for the first time in months - from $158 to $154 a dry tonne.

So the market sells iron ore and minerals stocks in general.

I have not yet heard a single commentator mention Japan and Iron Ore in the same sentence. If Japan (or India) is looking to grow and competes in ANY way with China over the avaialble supply of our commodities then they are GROSSLY undervalued.

$140 per dry tonne minimum average price for 2013. Any dip below this is a result of market manipulation and should be short term. Post 8 Feb when the issuance is finalised, the lid will come off this stock. Instos - if you're short cover well before then. Or - perhaps preferably not. I'd love to see some short traders bonuses torn up when they can no longer keep GBG's price suppressed. I predict the price action will be nothing short of startling.

If you're a holder - WHY ON EARTH would you sell? Only sellers are shorters.