the latest news

Our company has had a barrage of negative publicity in the last week or so.

What happened?

The 1st cyclone backed off and we had some fear out of Washington over the debt ceiling, so IO dropped back from its highs of $158.


Then nearly every major paper and news source in OZ started spruiking the end of days for Iron Ore.

What gets me is most of these news sources were saying exactly the opposite a week before.
A number of them are mentioning Atlas by name as a company that is about to be hurt.


If you can be bothered to research it, you will find that the Iron Ore price is nearly impossible to predict because of the very way it is sold.

Up until a few weeks ago that is!


With Goa shut down(such a large player in the market), with all this stimulus being pumped into the world economies not least of all China and with Chinese Port Inventories at comparatively low levels and large numbers of the Chinese mines shut down because of the coldest winter in 30years, how could anyone not come to the conclusion that prices were not going to go up considerably in the short to medium term.

Lets not forget about the Cyclone season and the Chinese new year holiday approaching.

Yes but the considered opinion by those in the know is it was going to start sliding back to $130 and beyond.


All these journalist and news sources got it wrong: morning star, the age business, motley fools, Adelaide now, Sydney Morning Herald, ANZ, Macro Business.
There has been no slide in he IO price since their respective reports!


They got it wrong, wrong some more and wrong again and it has never been so easy to get it right.

And I bet the same people will be out again in a week or so telling us all that IO boom times are here to stay.

The scary thing is once they start talking up the IO price again it will probably sink into the toilet again.




Goldman Sachs Group Inc. is more bullish on iron ore, predicting another year of “exceptional prices,” according to a Jan. 16 report that increased its full-year forecast to $144 a ton from $140. While the global market is set for oversupply, that’s two years away, Goldman Sachs said.


They are probably wrong too, who knows?
But all things considered they make a lot more sense then these other Idiots.