Iron Ore Price, page-2055

3000 Trades yesterday when is saw at around 3.30pm. Usually FMG likes to be around the 4-5k trades....... Everything was quite on the stocks yesterday LNG got a battering i wouldnt be surprised if it dipped again another 5%? yes FMG did close on a green but i should of said people maybe hesitant to hold FMG and other commodities overnight with the rate hike in the US coming into play Wednesday? Well i guess i was right. Well look what happened overnight everything is down. What would FMG do today? i say dip below 2. FMG is all about confidence. Not alot of investors believe in the recovery of IO to stay above 60 dollars this year. FMG seems to only like runs when there is good news about potential Chinese investors. This and the timing of IO prices gave us a good rally last week. Even tho it was a rally it was a quite rally from Thursday to Friday. From memory FMG was trading on a tight spread between 2.07 to 2.04 from Thursday to Friday. I think

So when u ask me of my credibility. It was just a food thought opinion from what i saw at glance at 3.30..... Lets see what today shall bring us at 10am I expect a sell out before 11 and when the Chinese open it could be interesting.