So it is the Republicans fault that the President and Democrats (environmentalist) want to cut all coal production to zero? Last time I looked CLF was involved in coal, not just iron ore. Do you think mcuh beyond what the nightly news tells you?
That absolutely is what is happening (happens all the time). Once the fiscal cliff is resolved someway then they will say gdp and growth will increase in 2013 and demand will rise for iron ore. This will be $ 38 - 40 + once this happens.