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Iron Ore - General Commentary
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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.
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Don't assume everyone has the same level capabilities as yourself.
mick
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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.
I have been studying the Iron ore market closely for over a decade, and read countless posts and articles from everyone from amateurs through to professional analysts trying to make assumptions about where the Iron Ore price is going from where its been, and they always wrong. You would think that chance alone would mean they are right 50% of the time, but no they never seem to be able to predict short term movements.
I myself have made literal multi millions of $$$ in Iron ore companies, and I have never once tried to do it by predicting short term movements in the Iron ore price. You simply don't need to make short term prediction, and if you try its just going to distract you from what really works.
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Chinese rebar prices have hit a 3 month high.
Still a long way to go to get close to the ATH in 2021.
Mick
Still a long way to go to get close to the ATH in 2021.
Mick
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2 opposing forces: full scale recession and cheap brics supplies pushing it down, china QE and anything away from USD pushing it up
Add value of usd vs ours to increase complexity...
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
Hard to predict, and low level of Goldman Sachs influence vs more limited supplies ores
I guess that leaves more room for real expertise..not for me to guess where io will be in 6 months
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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.
large low cost producers of Iron Ore are great businesses, much better than the high cost producers of other commodities.
Also, there is more aluminium on earth than Iron, but it would be silly to assume that its total amount in the earths crust gives you some insight into whether it should be cheap or expensive or easily found and mined in high grade deposits.
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Value Collector
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1% drop in demand forecast, before a 1.2% increase they next year
The sky is falling!!! The sky is falling!!! 
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but how many ships , rail-lines and nuclear reactors are they fulfilling
hold on , scratch that , i want add to some of my smaller miners , ( panic , panic !!
)
actually you should be more worried about the collapsing automotive industry in Europe
hold on , scratch that , i want add to some of my smaller miners , ( panic , panic !!
)actually you should be more worried about the collapsing automotive industry in Europe
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One view.
Mick
Mick
