I've stuffed up too, i been selling parcels to early only to buy them back higher.
For you you're a trader so i guess keep an eye on the dalian and on the US$, if it's showing strength then iron ore will probably fall. I wish the aussie would get back to parity, that way Fe would go to $100/tUS
I think this run up will be like the last 2, up to $6, only diff this time the companies in a much much better position and to top it off margins i guess would be pretty close to when iron ore was $120/t ( not sure would need to work it out) so maybe $8.00 is justifiable ?
Iron Ore Price, page-9736
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