More on the 56% rebound in iron ore prices: The news is particularly good for high-cost...

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mike mohr Comments (444)
 
The price is up because Goldman has figured out a way to create a shortage.
30 Dec 2012, 08:37 PM Reply Like

WisPokerGuy Comments (416)
 
No matter why, CLF is a BUY right here (as a stock trade). I'm long in-the-money call options and like where this story is heading. As China gets better, CLF (and others) get much more attractive.
30 Dec 2012, 09:27 PM Reply Like

davidbdc Comments (2994)
 
I think that China's better than expected economy is mostly responsible. But I think Copper is the better investment going forward.

SCCO has the most reserves and the lowest cost of production - long term a winning position. Throw in the fact they seem to have handled the change in government in Peru rather well and there should be a good stretch the next few years for shareholders.
30 Dec 2012, 11:00 PM Reply Like

Estephenfarrell Comments (2)
 
What is the future of CLF for 2013?
31 Dec 2012, 02:19 AM Reply Like

WisPokerGuy Comments (416)
 
As I said above, this is a stock that really trades directly with how China is doing. I think $50 a share is easily possible. However, that said, it's hard for me to recommend a stock that is up 8% just today alone. Waiting for some pullback might be prudent. However, in my opinion if China continues to improve, stocks like CLF and CAT should move higher.
31 Dec 2012, 03:42 PM Reply Like

White Lily Comments (9)
 
Hi my friend ,
does anyone knows why this article did not show up on CLF's Headlines ?
And where can I find the iron ore price charts ?

Thanks
2 Jan, 02:51 AM Reply Like