Daily iron ore price update (when to sell)

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Iron ore prices for August 17, 2020:

Spot up. Paper up more. I expect we’ll tear along here for perhaps another month before we see some seasonal destocking:

If you’re trading the miners then this rally is the one to sell. I’d then look to buy the dip for the new year price spike.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.