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Cliffs Natural Resources Inc. Message Board

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  • jcbrowns jcbrowns Dec 19, 2012 8:52 PM Flag

    why are forward iron ore futures prices so much lower than front month

    What all of these traders will soon realize is that the average age of vehicles in the United States is around eleven years and is higher (older vehicles) in much of the world. A huge demand for steel is building - especially when you look at the eventual worldwide need for infrastructure. Commodity futures traders now think we are going into a world economic recession. I think they are totally in error and will realize that in about six months. Watch iron ore futures skyrocket at that time.

    Sentiment: Strong Buy

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