My gosh I am getting slow in my old age. Now if you were China, and were sick of the US controlled world banking system, and you came up with the idea for a new bank under your own control, but needed big players who are US allies, might you bend some rules to get them? I would bet China is paying mines inside China $100/ton and gave them a green light on production and telling them to shut their mouths about it. Over supply my asss unless it was artificially triggered... China needed Brazil and Australia in the new Asian bank system.. They pulled the friggen rug out from underneath the iron king bozos and left them with no choice but to join the new banking system. Mission accomplished. Both joined with tinsel on once they found out the rules of survival.. LOL!
Watch iron return to 90 bucks in the next 3 months if I'm right. The sad part is that I don't think Mexico joined the China sponsored bank.. There won't be 10 cents worth of iron leaving Mexico, for China in the next few years, because the Mexican government didn't realize where that piece of the taco was getting buttered..
It ain't dog eat dog anymore... it's dinosaur eating dinosaur.
Brad better find a lot of silver and gold on the property for even him to break even now, forget the shareholders at this friggen point.. I think they are long forgotten..
Thanks for everything mr cotton..
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