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Particularly thumped overnight was Sydney, it's 1% fall led by the miners as the decline in iron...

Particularly thumped overnight was Sydney, it's 1% fall led by the miners as the decline in iron ore prices turns into a plunge, adding to concerns the country's resources boom has come to a close. Fortescue's (typically promotional) CEO Nev Porter begs to differ: "We've been selling everything we can produce," he says. Yes, but at what price? EWA -1% premarket.
Comments (3)
  • Brian Bobbitt
    , contributor
    Comments (1888) | Send Message
     
    The Aussie Dollar has a only one problem. Government intervention. Now Australia has one of the worlds great leaders, and I support them whole heartedly, BUT, they need to stick with trade agreements, national defense and the like. STAY OUT of business.

     

    Capt. Brian
    The Lost Navigator
    30 Aug 2012, 08:36 AM Reply Like
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    Hey Capt.,

     

    What's your take on the iron ore miners?

     

    I'm holding RIO.
    30 Aug 2012, 11:57 AM Reply Like
  • The Autonomous Guy #23
    , contributor
    Comments (209) | Send Message
     
    Hey People : Have yourselves a GREAT holiday weekend.!!!!
    31 Aug 2012, 12:16 AM Reply Like
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