Replies to post #1485 on United States Steel Corporation (X)

[benfrankledger]

China is a massive buyer of iron ore and the Asian nation consumes more than two-thirds of the seaborne cargos of iron ore.

China may have only 18-19% of the world's population within its borders, but it produces as much steel as the rest of the world combined each year.

[chmcnfunds]

You know I haven't looked at it closely for weeks. Been more attentive to finding the bottom to CLF and don't want to have both. They have been trading in tandem for almost half a year, but at the beginning of November they diverged with X going up and CLF down.

To me the current X chart shows no reason to buy or sell. BarChart has X as buy. Seems to me budget and infrastrucrure news will be the determiners.

Your take?

X

[Spudskie]

Where do you see this going now ?

Perhaps it will go the same as KATX. You remember that don't you?

Gump was right.