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zipjet

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zipjet

Re: DewDiligence post# 6705

Wednesday, 03/20/2013 8:28:36 AM

Wednesday, March 20, 2013 8:28:36 AM

Post# of 30494

…The investment bank now forecasts an average iron ore price of $139 per tonne in 2013, down from an previous estimate of $144 per tonne. Goldman Sachs expects prices to slip to $115 per tonne in 2014 and then to $80 per tonne in 2015.



Those are dire predictions.

Any idea what the marginal costs are for the big producers? The high-cost producers?

Once production gets shut down it should slow the price decline.

ij

Bought CLF for the first time in memory yesterday but with the GS pricing forecast - may just take the gain or loss and wait for a better entry.

It is astonishing what foolish things one can temporarily believe if one thinks too long alone ... where it is often impossible to bring one's ideas to a conclusive test either formal or experimental. J.M. Keynes

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