FMG 1.63% $21.76 fortescue ltd

flip61 As the IO price drops the SP will drop, that's what...

  1. 1,362 Posts.
    flip61
    As the IO price drops the SP will drop, that's what always happens!
    Part of the reason why the dollar is dropping is because our major
    exports are going down the tubes, definately not good for the SP!
    I think David25 theory is definately a long bow to draw
    from this, there is no way BHP and RIO want prices to keep falling.

    Could be a pick up in IO price towards the CNY that's what normally happens.
    After that, come April it is looks to me like Armageddon.

    Good Luck!
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