Like the AGO CEO says, the Iron ore isnt in any major surplus at all, its all media just working with the Funds to move the futures around.
The Media can just as easily push the Iron ore prices back up by putting out the headlines that the Fund traders want them to say. To Push the futures Market where the Futures traders want the Market to go.
The Long term on Iron Ore is good, Look back in years from Now and see this was great Value.
Iron Ore Price, page-194
-
- There are more pages in this discussion • 19,864 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.63 |
Change
-0.040(0.18%) |
Mkt cap ! $66.59B | |||
| Open | High | Low | Value | Volume |
| $21.48 | $21.63 | $21.02 | $156.6M | 7.309M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2129 | $21.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.63 | 817 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |