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Cliffs Natural Resources Inc. Message Board

  • grahame811 grahame811 Aug 26, 2013 2:26 PM Flag

    Fear tactics are working, scaring so many into selling into short covering!

    The market is ignoring IO swaps, they've strengthened significantly through out the year. Cliffs could hedge their entire production above $130 for the remainder of the year - December futures are at $130.50. They are above $120 through May, where leaps are creeping up every day.

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