Iron ore price, page-44644

Well one does need to be judicious about what information they select.

I for one purchased a lot of shares in the $13.90 - $14.30 range & told everyone here. Most of that tranche was around $14.10 for me.

A momentary glance on how that reads like this:
Last close $21.61 plus divvy $0.86 = $22.47
$22.47 - 14.1 = $8.37
$8.37/ $14.10 = 59%

I think that I did ok with that on paper.

Not that I'm selling, but hey thanks for promoting me.

Long, strong.

I'll publish World steel associate views later today which talk about demand for steel rising around 2% this year and rising less, but still growing next year.

Also the PBOC although it didn't reduce its MLT rates, it did reduce its reserve requirement or RRR by 0.25 which has a significant stimulus impact. I'll drop something on that later also. That probably explains Fridays strong DCE price stability.

Easter egg hunt with kids aside lots of work to be done between now and then.

#commodities super cycle
#fmg are go