Pete Wargent blogspot

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

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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.