Iron: A Dead Cat Bounce?

11.03.2016 • Gold and Natural Resources, Tech

From Port Phillip Insider (AUS) – The share prices of iron ore stocks have shot up like a rocket over the past week.

After sinking below $15 per share in January, BHP Billiton Ltd [ASX:BHP] is now trading for $17.73. It’s up 26% from the low.

It was looking even better on Tuesday, when it was up 38% from the low at one point.

Other iron ore miners have done well too. Rio Tinto Ltd [ASX:RIO] is up 23% from the low.

And as you may or may not guess, the ‘third force’ in iron ore, Fortescue Metals Group Ltd [ASX:FMG] is up a whopping 89% from the low.

At one point earlier this week, it was up as much as 128% from the low. That would have been a nice ride if you could have caught it.

-Read More Here-

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