Not wanting anyone to lose money here but I've been waiting for the 5's for a few weeks now, it really has been obvious the s/p has been struggling to maintain mid 6's or to reach the $7.
Yesterdays 3% fall may have been in anticipation of a weak IO price ?? and today might not be too bad ?? All you need is the Dalian to turn red. ( red being up in China.)
It's a pity we have people still sprouting 7/ 8/ 13 dollars and burring their heads in the sand and putting on ignore all posts which may have an element of reality,
good luck.
Iron ore price, page-234
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