We are at the start of world markets downturn,and in these times there is panic from holders who are more worried about a market crash than the daily iron ore price. Suspect the BB will kick in under $4 , but will they have enough bullets to see off the panic. I am not sure they will, so we could see prices under $4 until world market volutility calms down, but i suspect some bargain hunters wont let it fall too much as the fundermentals look strong with the only concern being china and what they do to remedy their slowdown.
Christopher
Iron ore price, page-8947
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