Yes, after Friday, timing will be important for P&L trading in iron ore stocks, esp. mid-caps, volatility will be high, agree that Australian Iron ore producers should have a good year if POO stays lower (lower transport costs), AUD falls (how could AUD rise?) & China/India stimulus occurs (Xi Jinping/ Narendra Modi regimes should be reducing risk to their respective regimes using stimulus). Why would China not stimulate when POO is low & Shanghai/HK property crashing? Mid producers should do better than big players as BHP/ RIO have diversified or should have diversified away from Fe. Glencore might swallow mid-caps if Glasenberg thinks Fe is worth the effort. Re ARI, steel price should go up as well if China stimulates & Modi stays in power in India, altho problem with ARI is that producers like old BHP Steel, now called BlueScope, BSL, have higher grade steel & consumers (Chinese/ ASEAN) will be more discerning if stimulus takes hold & does what it is supposed to do "on the tin" IMHO but as always pls DYOR.
FMG Price at posting:
$2.83 Sentiment: Sell Disclosure: Not Held
BCI Price at posting:
62.0¢ Sentiment: Hold Disclosure: Not Held
MGX Price at posting:
28.0¢ Sentiment: Hold Disclosure: Not Held
ARI Price at posting:
23.0¢ Sentiment: Hold Disclosure: Not Held
AGO Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
