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.

Tuesday, 14 February 2017

Iron ore up 141pc from nadir

30-month high

The general idea here was to only post about the iron ore price following noteworthy or landmark trades.

Only problem is, they keep on happening.

Yesterday there was another massive 6.5 per cent leap in the spot price to $92.23/tonne, taking the price at the close to the highest level since August 2014. 

The price is now up by 141 per cent from the 2015 nadir, and - since the dollar has not followed the latest rally - the price in Aussie dollar terms is more than A$120/tonne.

Futures hit their highest level since 2013, delivering a huge boost for Australian miners and national income. 

Tally ho.

Image result for cornholio


Later this morning I'll take a look at the latest Lending Finance figures, taking particular note of where investors were becoming most active again in late 2016.