Save your post for future reference. $150 is the staging level before the plunge. Not a hypothetical long term scenario. $150 by July zero doubt.
The plunge from $150 to $110 will be a screamer as more than half of the peak is gone by September. But just when we think it's time for a rebound it falls through the floor into unfathomable territory.
I don't say this to provoke. I say this because I firmly believe the IOP boom from $90 upward was artificial and in readiness for a sustained partial boycott that will be fine tuned as circumstances dictate.
If you care to read the news in the last 48 hours about matters seemingly unrelated to iron ore (all in English) there are interesting clues.
Back after the weekend.
Save your post for future reference. $150 is the staging level...
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