From where I sit Carnage I couldn't honestly say, It could be any one of those reasons or it could be the lot. If I honestly knew how this market thinks I would be a richer man today. I think there was a gap fill today as the price jumped quickly to almost 90 cents, investors are trading this range until they release better news which is will come soon enough. October is probably the worst month, for stocks, most of the biggest crashes have been in October, and Iron Ore generally trades lower, but not this year as the world economy is picking up and stocks piles may be low. In my opinion I believe AGO will pick up over the next few months, due to the Higher Iron Ore price and the lower Aussie dollar, even without a rail deal but much more so if they announce that a deal has been struck.
From where I sit Carnage I couldn't honestly say, It could be...
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