Citi: Iron ore has “a lot of downside for prices”

Yep:

David Llewellyn-Smith
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Comments

  1. and same applies to all base metals not only IO. Yesterday arvo and night I was spewing at the screens watching all base metals jumping as if China announced 2016 style stimulus. At one point Nickel was 4.5% up or over $500.

      • The Traveling Wilbur

        If he’s anything like me, half an hour after the AUS markets close. Kicking myself. As usual.

        Can’t see this holding though unless CoNV risk subsides. Soonish.