Goldman Sachs have increased its forecast for iron ore prices
- Say it will hit $US50 a tonne in 3 months (from $45 previously)
- And trade at $US40 in 6 months ($35 prior)
- "We maintain the long-term target of $US35/t but highlight the potential for continued price volatility until steel inventories normalise"
-
I posted yesterday on the supposed crash of the AUD in 2016. Expectations for iron ore have been pretty much the same.
Here is the crash this year so far:
Hyperventilating doomtards are not having a good run.
