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DewDiligence

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DewDiligence

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Re: biotech_researcher post# 8311

Wednesday, 04/09/2014 9:36:42 PM

Wednesday, April 09, 2014 9:36:42 PM

Post# of 30507
VALE’s CEO re-iterated his opinion that $110 per metric ton is a floor for the next several years. This is not to say that the spot price of iron ore can’t drop below $110 briefly, but it can’t stay that low for a period as long as a quarter, according to VALE.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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