So is the slump over...?... VALE...someone has a $10 price on Vale Many signals starting...will price fail at the 100 day average or will price make it to the 50day average...?... The economics of commodities and the pricing of daily vessel rates is another major hurdle. If you want to keep track of what the equity market thinks about the future price of iron ore and shipping rates, watch shares of Vale (VALE) and the Guggenheim Shipping ETF (SEA). Vale is major iron ore miner in Brazil and is heavily tied to the pricing of the commodity. http://www.investopedia.com/news/drys-going-down-ship/?partner=YahooSA&yptr=yahoo
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