Yesterday I posted up some headlines: Goldman Sachs says iron ore rally is 'window to go short'
The Aussie press have a piece up on it this morning on the same item. At the Australian Financial Review, gated: Goldman Sachs says it's time to bet against iron ore price rally
- "Market fundamentals will reassert themselves sooner rather than later," analysts Christian Lelong and Amber Cai wrote in a new report, maintaining their forecast for prices to average $US52 a metric ton this year. "Investors may consider this as a window to take short positions."
- "The structural drivers of the iron ore price trump cyclical drivers and they are unchanged since mid-2014: demand is lacklustre, supply growth continues and prices must overshoot on the downside to force high-cost mines to close"
