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Cliffs Natural Resources Inc. Message Board

  • dip_199 dip_199 Jan 3, 2013 9:47 AM Flag

    Forget what analyst are saying, price of iron ore has reversed!!

    The post at the bottom is correct!!! The price of iron ore is now at roughly 145/metric ton. This is the same price iron ore was during May of last year, when the price of CLF was between 45-55.


    Great chance this will go back to 45-55. There will be a SURPRISE crush of the coming earnings estimate, which will explode CLF to last year's high!!!

    I'm buying, screw what analyst are saying and go with guidance. Analyst are ALWAYS WRONG WHEN IT COMES TO COMMODITY PLAY....They are analytical people and look at historical returns to project future earnings growth...They can't forecast #$%$!!

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2.42-0.03(-1.22%)Aug 4 4:03 PMEDT