From a reader yesterday:
How can you keep being so wrong and keep on getting it wrong- Your stubborness to hold to the oversupply position is just stupid. 1,000 Chinese mines have closed steel demand in China is going to be 3% higher this year and next, stimulus will just keep on keeping on, your capitalist model doesn’t work for China. Your lack of analysis and acknowledgement of even simple things like Rio and BHP’S 20 M reduction in supply the 30m ton loss of Samarco, Vale’s position on replacing existing mines with its new lower cost production. Even Goldman is now upping its forecasts, Macquarie has a price target of $5 on Fortescue, your dialogue is looking so so tired. Do your homework and get it right you are an embarrassment to a site thats supposed to be able to foretell whats going to happen.
Another reader with a giant Australian mortgage yesterday declared me an iron ore “doomtard”.
