Interesting excerpt from Henry's blog with observations on iron ore movements and stocks

James Marlay

Livewire Markets

Interesting excerpt from Henry's blog (VIEW LINK) with observations on iron ore movements and stocks. Every broker is jumping on the buy the iron ore stocks band wagon..biggest opportunity since the last shake out and they are probably right especially as the price rose 2.4% last night. AGO is worth a look and of course FMG for gearing...still find it amazing that as per SOP in this country we have a cosy duopoly BHP and RIO and this upstart trying to muscle in.... Virgin /Qantas...Coles/Woolies...DJs/Myer....FXJ/News Corp etc...Banks are up to four though plus St George which is really WBC after all...Still the Baltic Dry Index took a smacking last (chart) night with a big fall...this is the index of what it costs to ship bulk stuff around the world.. today's 8% plunge - on par with the biggest drops in the last 6 years. @hjennings

James Marlay
Co Founder
Livewire Markets

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