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DaveinHackensack

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DaveinHackensack

Re: RMIWA post# 4703

Wednesday, 10/14/2009 10:51:33 AM

Wednesday, October 14, 2009 10:51:33 AM

Post# of 7895
You're welcome.

My limit orders are in the low 2's, so I'm not the one driving the price up today. I suspect the news out of Rio Tinto (that it sold a record amount of iron ore last quarter) is behind the spike. I heard that on Bloomberg TV last night, though the anchor noted that analysts don't expect the Chinese buying pace to keep up at these levels next year.
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