I really think that the recent fall was due bad news surrounding mining sector. Those analysts updated IO future prices not helping. If they are right then it looks terrible. But again they got it wrong in the past.
Bhp is cutting jobs. ROY HILL reducing wage..... Rio kept on saying IO price to stay low for a while.
not too good read. However... we need to establish what would be the safe price re entry.
For me. I think I wait a bit more before top up more.
Please these are my observation only. Make up your own judgement.
Iron Ore Price, page-105
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