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Thursday, June 04, 2015 8:56:52 AM
Iron Ore Trading in China Climbs to Record as Price Advances http://www.bloomberg.com/news/articles/2015-06-02/iron-ore-trading-in-china-rises-to-record-in-may-as-price-jumps
Trading of iron ore derivatives on China’s Dalian Commodity Exchange climbed to a record last month as prices increased.
Volume jumped 33 percent in May from a month earlier to 24.86 million contracts, or 2.49 billion metric tons, according to bourse data. The previous all-time high was set in April. Compared with a year earlier the volume more than tripled.
Iron ore prices advanced in May as port stockpiles in China contracted.
“Sentiment toward iron ore improved recently and there’s speculation prices have bottomed,”
Prices of the most-active futures rose 4.5 percent in Dalian in May to cap the first back-to-back monthly advance since trading began. Ore with 62 percent content in Qingdao climbed 10 percent in May, and was at $63.02 a dry ton on Tuesday, according to Metal Bulletin Ltd.
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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