by Chris Becker
Sell offs do not go much smoother than this and has given ample opportunity for the longs and shorts to step off and on, as iron ore hovers just above the five year low:
With the MYEFO forecast target of $60 in sight (down from $95 per tonne from only a year ago that “no one saw coming”) BHP has confirmed such a drastic price target calling $USD65 a tonne an “appropriate” target.