FMG 0.00% $4.21 fortescue metals group ltd

Technical Reasons For IO to Head North Again?

  1. 465 Posts.
    We should consider the question of what factors will stop the big miners from over producing. The more they over produce the more Brazil will try to match; the lower the price the lesser the amount of Chinese money arrives in Australia; the more our currency drops. In some other countries Government would have stepped in by now.

    So my question, last time IO dropped, was it for the same reason?

    What caused the bottom of the cycle and what caused IO to rise again?

    What can we learn from history and is this the same situation?
 
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