Iron ore prices jumping... and Cliff's earnings for the next QTR will be blockbuster. And with dividend so good (about 7.5%), we should see the stock price climbing to near $50 in next 2 months if this Fin Cliff just goes away.
this is welcome news the spot price continues to improve.
thanks for the link...good luck to all longssssss and shorts whom will turn back into longs...
Sentiment: Strong Buy
And one analyst is predicting Iron Ore will hit $170 in 2013. CLF could go to $60. Being short now takes a lot of guts.