Agree Captain. It is a conflict of interest what Goldman Sacks say.
Was is not calculated about a year ago that cost of production comes in around 100/ton. The argument then was that it can't go below that because that is what it costs. And when it did go under 100 last September I think it was, it didn't stay down there for very long before it bounced back into the 130's. So at least that is a fact that has happened and can now be used as a reference.
Goldman prediction is just words at this stage. Hasn't happened at this stage. Unless they make it happen by doing their utmost by playing with it.
iron to drop to 80 - goldman -absolute rubbish, page-2
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