The iron ore bubble is free and running with Dalian adding another 2% at the open and big iron chasing with BHP up 2.3%:, RIO 2.4% and FMG 4.4%:
The idiocy spread now on FMG is plunging to all sorts of unknown insanity:
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Moreover, its ratio to the underlying 58% iron ore price which blew out to an -18.5% discount yesterday is now remarkable: