Daily iron ore price update (commodity crazy town)

The ferrous complex has joined the commodity crazy town engulfing global markets. Everything was up on January 12, 2022:

Commodity crazy town is here:

  • A falling US dollar based despite Fed tightening.
  • Strong US inflation.
  • Chinese stimmies and OMICRON disruptions driving more inflation.

This will now be a battle to the death between stagflationist robots bidding for dirt driving global higher for longer and the tightening Fed.

I still think that iron ore is a bear market rally that will roll over the moment sense returns.

But when that is is now caught up in the widening gyre of commodity crazy town!

Houses and Holes
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