BHP, RIO and FMG are doing well this morning considering, "The price of iron ore, measured for immediate delivery at the Qingdao port in China, slipped 1.2 per cent to $US69.58 per tonne, the lowest level since June 2009, according to Metal Bulletin".
BHP up 1%
RIO up 2% and
FMG down only 0.178%
Iron ore price is at its lowest today and the share price of the above three stocks hit their lowest last week. That is a good sign. The stocks bottoming before the resource price.
The quote above taken from BusinessDay, Markets Live, Brisbane Times, by the way.
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