"What goes up must come down and vice versa" - nice if you...

"What goes up must come down and vice versa" - nice if you really wan't to believe it. AGO is relying on a weak A$ (hopefully weaker - that might well come true) and a better Fe price going forward since their low grade product is of course cheaper than the 62% Fe product. They are pretty well hedged until Sept at good prices but what happens in Sept??

Futures suggest US$43-45 (again that's 62% Fines).

China is not in good shape and they are running into significant problems with "dumping" of excess production offshore (could be in for import tarrifs in USA and elsewhere) - makes a mockery of Free Trade Agreements which only serve the interests of politicians vote seeking.

All will be revealed