You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

17 Nov 2016 (TheAge) – Iron ore prices on a rollercoaster ride as analysts wait for fundamental clues

(17 November 2016, The Age, BusinessDay, p25, Jessica Sier)

‘Iron ore has plunged, running out of steam after its surge to multi-year highs last week following Donald Trump’s shock presidential election victory.  Australia’s largest export slid 6.5 per cent overnight to $US72.68 a tonne, after a surge of nearly 24 per cent in November alone. Tuesday’s retreat hit mining stocks, with the Bloomberg World Iron/Steel Index falling for the first time in nine sessions.’



About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: