iron ore price, page-1329

I have seen all the ups and downs in my long investing career. You can see this coming. I wouldn't buy even at $1.80 unless it is for a quick buck trade. No rocket science. China is slowing and shifting to domestic consumption rather than exports for growth. Supply would be going higher and higher. Even with the little guys taken out of the scene with Roy hill and Ramp up by the big boys, I see Price of I O around $40USD and the plummeting OZ$ ( which will happen in the next 2 months ) would support a little bit but not too much, RBA will cut rates next month as a surprise ala Canada. All in all FMG would struggle to make any meaningful profit and hence goes down. Most likely scenario would be either a Chinese or an Overseas take over of FMG, once the Cash Flow and debt issues come to the fore. They will pick it up for around $1.25 to $1.50 I reckon. That's what i see ahead for FMG.