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DewDiligence

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DewDiligence

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Re: dewophile post# 5487

Friday, 07/27/2012 10:08:47 AM

Friday, July 27, 2012 10:08:47 AM

Post# of 30493

…thus even if demand [for iron ore] is tepid most think there is a floor of between 110-120 at least for the next 3 or so years.

On yesterday’s CC, VALE—the world’s largest producer of iron ore—said they expect the spot price to stay in or close to the $120-180 range for the next several years.

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

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