Big iron continues its lunatic run higher today with BHP up 2.3%, RIO 3.9% and FMG 3.9%:
Dalian is struggling to hold its Friday evening gains owing to the rising port stocks but BHP is even ignoring its Samarco deal accident so there’s no stopping this runaway truck. FMG is screaming higher after its breakout as expected:
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Meanwhile, it’s 58% iron ore discount remains above 20% so the bubble is really inflating now: