Prediction for the Iron Price

Posted on 06 August 2008 by Alex

Over to the latest from the iron sector. BHP and Rio’s iron contract prices only reset about a month ago. Yet iron junior Gindalbie (ASX:GBG) is already calling for 20% gains in the next year.

Are you any good at picking market bottoms? When the whole-sale slaughter on the ASX is over, iron juniors might prove to be the sector to hold. Yet again.

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