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Look at these sorts of charts Is a bit like driving looking into the review mirror. They tell nothing useful at all about what is happening up ahead, and it definitely won’t help you make money investing in Iron Ore companies.Iron Ore Chart still not showing any signs of a recovery.
At best you might say its has bottomed.
Mick
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Don't assume everyone has the same level capabilities as yourself.Look at these sorts of charts Is a bit like driving looking into the review mirror. They tell nothing useful at all about what is happening up ahead, and it definitely won’t help you make money investing in Iron Ore companies.
I definitely don't assume that, thats why I am offering the hints and tips that I do, to help you level up where I can.Don't assume everyone has the same level capabilities as yourself.
mick
2 opposing forces: full scale recession and cheap brics supplies pushing it down, china QE and anything away from USD pushing it upChinese rebar prices have hit a 3 month high.
Still a long way to go to get close to the ATH in 2021.
Mick
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Iron ore doesn’t really pay a price for being abundant, because large high grade deposits of it are still sufficiently rare that low cost producers can turn out very good profit margins. In fact much higher profit margins than those mining much rarer metals..
IO does pay the price of being one of the most common mineral on earth so slightly different from copper, coal, oil, or rare earths etc
1% drop in demand forecast, before a 1.2% increase they next year The sky is falling!!! The sky is falling!!!From Bloombergs
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And the opening gambit from the World World steel
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Mick
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