FMG 2.65% $19.38 fortescue ltd

Iron ore price, page-51534

  1. 10,370 Posts.
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    A significant flattening of the IO curve with the front end trashed but the back end making decent gains. It could just be speculative investors switching from front end to backend exposure following a lack of stimulus news at the recent CCP talkfest. But it may suggest a strong floor around these levels longer term.

    Same stuff in the US overnight, Nvidia going to infinity and dragging everything else with it.

    https://hotcopper.com.au/data/attachments/6018/6018653-f1d2739e8a36de1c706f622c4481e5df.jpg
 
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