Average Joe
"Looking at current IOP is a mystery to me!"
I was thinking the same thing, I don't think there has ever been such a large disconnect.
I doubt very much that it will last, down 3% today!
The Iron Ore spot price is clearly the most important
pricing signal.
The effects from all the other macro economic pricing signals are with respect to the future IO price.
The Dalian futures exchange use to be fairly accurate
at predicting the spot price to be publish at the end of the day but that is not always the case now.
Looking at the way the miners were behaving in London and New York last night there is no doubt in my mind that the market is looking for a reason to bounce from here.
However there is no guarantee they will get that reason
in fact it looks like more doom and gloom to me.
Iron Ore Price, page-1659
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$21.27 |
Change
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Mkt cap ! $65.76B | |||
| Open | High | Low | Value | Volume |
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