Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Friday, 11 November 2016

Shorts pulled down again

Wild, wild markets.

The iron ore price is now up 70 per cent this year to $74.12/tonne.

As Australia's most valuable export commodity, this is a massive bonus.

Goodness knows where the end of this rally is, but it's coming.

Fortescue Metals Group (FMG) is now up 324 per cent since January.

Source: ASX

Read more on the iron ore rally here.