IMHO the terms 'iron ore price' and 'stable' don't belong in the same sentence (unless the word 'not' is also in there!). IOP still has a way to drop, but it won't be to $40 and below like some are predicting.I still think there is a reasonable chance of IOP getting back towards $90 later this year, but sentiment is still too negative.
I'll be looking for IOP to touch the low 50s and AGO to touch 1.1-1.2 and that might be time to jump back in.
AGO Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
