IMO, There is no surprises here with the IO price and it’s...

IMO, There is no surprises here with the IO price and it’s current trajectory, we will see this hovering between US$100-130 until February, from there that’s where things will become interesting.
At the end of the day we’re all placing a bet on IO investing in FEX, and there is two opposing sides pro and con to what’s going to happen.
I’m still confident to be bullish, China can manipulate as much as they want for ST gain, but like what we’re seeing with coal now, Mr Market has the final say.
Evergrande and the likes in China aren’t going to get out of their predicaments by stopping construction, and their economy will get very ugly fast if construction collapses. The building will keep on going, and the next couple of years will be good for IO.
I do think though, China is an economic house of cards and will fall eventually similarly to the old USSR, but not for a few years, and until then, prosperity for IO and coal.