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  • harrison202002 harrison202002 Mar 9, 2010 2:36 PM Flag

    2010 Prediction

    Looks like the all time high was 30.35. I wouldn't be surprised if it got back to that but I would be interested in knowing the iron ore prices at that time as compared to now. That said I would also expect to start seeing more volatility as traders take profits. This isn't a high flying tech stock it is iron ore and after only 2 months it is up 50%. Have to expect some bumps coming soon

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    • 30 after there is clarity on royalty
      yield for year.

      this is a security which like other material stocks/lp's with yield such as SCCO is tied to long term return and competes with bond yield and
      utility yields - at 2.50(my estimate) annual near term royalty- it should retest old high.

      it is held back by scare from last year and half great recession - and current fear that china is a bubble -

    • At least a break of old high at $31.70. Mid to late summer.

    • <<Looks like the all time high was 30.35. I wouldn't be surprised if it got back to that but I would be interested in knowing the iron ore prices at that time as compared to now.>>

      My recollection is the international price dropped 30-50% in 2009, but that many steel produces opted to trade spot rather than settle for a contract in an uncertain economy. This was just at the bottom in 2009, and the ore market had been just dead for 3-5 months prior.

      For historical market information, the USGS has a decent web presence:
      http://minerals.usgs.gov/minerals/pubs/commodity/iron_ore/
      It's somewhere between 6 months and 2 years out of date, but it's interesting insight if you're not an insider.

 
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