Your opinion is respected, however the technicals are bullish as I read them and 2.25 is history IMO. Additionally, looking at the bigger pricture - the big boys IO price negotiations are likely to push contact/index prices closer to the spot very very soon (possibly seeing a 80-100% increase!!!), together with Ridley announcement (I expect next month), reducing stockpiles of IO at chinese ports, strong demand continuing, increasing AGO production and profitability, what we are seeing at the moment is consolidation before the price pushes towards the $3 mark. These are my thoughts. Do your own research
AGO Price at posting:
$2.43 Sentiment: Buy Disclosure: Held
