The dollar and oil price are screaming higher, iron ore is plunging lower and debt markets have closed to indebted miners but that is no excuse to be selling your yield-bearing iron ore shares. On the contrary, trashed fundamentals mean it’s time to load up and that’s what the equity market is doing today as BHP jumps 1.5%, RIO rises 0.5% and FMG rallies a full 3%. To the indexes:
The idiocy spreads are still closing despite the cheer:
And juniors still dying:
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