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Message: Re: Markets

Jul 07, 2015 10:05AM

Strange that metals prices and mining share prices are up today. Overnight, China - in worries over it's failing markets - just blocked large shareholders from trading for months. Whoa, try that here!

In a related matter, iron ore prices have crashed to the point that only the few top tier companies globally are capable of operating at a profit. The high a few years ago was around 183 dollars mt. Now it's below 44, after being on a steep and continious decline from around 138 dollars at the start of 2014. Past time for correction?

IMO, and at least for the short run, the world's economic axis just shifted back to the US. That's good for the dollar, and hopefully too it's good for growth, meaning increasing demand for raw materials like copper.

VP

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Jul 08, 2015 02:04PM

Jul 08, 2015 04:56PM

Jul 08, 2015 06:36PM
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