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0.00% 14.5¢ western desert resources limited

Differing views out there. Price overnight went up againIron Ore...

  1. hotcoppa
    669 Posts.
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    10/04/14
    08:30
    Post #: 13234596
    Differing views out there.

    Price overnight went up again
    Iron Ore price = $119.40, +1.0%, 3mth forwards $115.94, -0.8%

    Below is an article on the IO bear market which CS has been harping on about over and over!

    http://www.bloomberg.com/news/2014-04-09/iron-ore-bear-market-deepens-as-aussie-mines-expand-commodities.html

    In any case as mentioned befroe, offtake agreements are in place so supply/demand considerations are neglibile in the short term.

    GL

    Disclosure: Position
    Sentiment : Get the hell over 60 cents!
    WDR Price at posting: 48.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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