FMG 1.17% $17.73 fortescue ltd

Iron ore price, page-37490

  1. 319 Posts.
    lightbulb Created with Sketch. 517
    I'm sorry but i've been in the market since the early seventies and experience tells me that you lot in the "Oh no, the sky is falling" brigade are always wrong in the medium to long run. You're occasionally right in the short term but over time the market overrides geopolitical squabbles and continues its inexorable rise even as petty dictators and control freaks are washed away by the tide of history.
    Hitlers' Thousand year Reich didn't stop the rise of markets and this chap in China won't either.... and long after he's dead and buried, Australia will still be selling IO to China and the world and the price will likely be much higher than it is today.
 
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