Posted On: 10/06/2014 7:14:02 AM
Post# of 8059
nothing new on ships -still waiting for pics -technical problems
gold came within 45 cents of a 1 year low, so thats exciting -1191.85 --w silver at a 7 year low
and iron at a 5 year low but some analysts predict it will rebound to 100/ton by winter-
iron was only 10-14/ton til 2002-something the big boys are trying to repeat in their insatiable greed as they each try to capture the entire market
but a lot of chinese mines have already shut down due to prices -some say 30% and at this rate may end being 50% because chinese ore only averages ca 15% and many say chinese marginal cost is 120-180 range,plus fortescue is 77 cost and clf's canadian operations were up to 120/ton 2 years ago
already posted chart of big boys who can put iron in china for ca 45-65 /ton- excluding fortescue
gold came within 45 cents of a 1 year low, so thats exciting -1191.85 --w silver at a 7 year low
and iron at a 5 year low but some analysts predict it will rebound to 100/ton by winter-
iron was only 10-14/ton til 2002-something the big boys are trying to repeat in their insatiable greed as they each try to capture the entire market
but a lot of chinese mines have already shut down due to prices -some say 30% and at this rate may end being 50% because chinese ore only averages ca 15% and many say chinese marginal cost is 120-180 range,plus fortescue is 77 cost and clf's canadian operations were up to 120/ton 2 years ago
already posted chart of big boys who can put iron in china for ca 45-65 /ton- excluding fortescue
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