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Thursday, June 04, 2015 8:55:24 AM
Iron Ore Gains to Three-Month High as Chinese Stockpiles Decline http://www.bloomberg.com/news/articles/2015-06-03/iron-ore-gains-to-three-month-high-as-chinese-stockpiles-decline
There’s a “relative shortage of ore in China due to lower Chinese domestic iron ore production,” Caue Araujo, iron ore industry director at AME Group in Sydney, said before Wednesday’s price was released. “Several small-scale, high-cost producers have continued to reduce iron ore output.”
Holdings at Chinese ports fell 1.5 percent to 85.4 million tons last week, contracting for a seventh week to the lowest since December 2013, data by Shanghai Steelhome Information Technology Co. showed. In May, stockpiles shrank 13 percent for the biggest monthly drop on record in data going back to 2010.
The decline in inventory last month means the market is starting to look tight, ….
How to parlay $20k into $15 million speculating in junior mining stocks http://ceo.ca/2015/03/30/rob-hirschberg-junior-mining-game-short-film/
TNGL the Next 6 Months
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110980454
Your Due Diligence starts here:
http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/
This is my humble opinion and speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence .
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