Wednesday, October 30, 2013

What are the Ironmen Thinking?

 BHP, C, FMG, MS, RIO, VALE, predictions-Recovered
Commodities are fickle friends: they can catapult investors to fame and fortune, and then take it all away in the blink of an eye. When investors talk about ephemeral fortunes made in commodity production and trading, they’re sure to name Eike Batista, the Brazilian business tycoon who was ranked the seventh wealthiest person in the world in 2012. Batista made $30 billion from a boom in the mining and oil and gas exploration industries, and had lost 99% of it by July 2013 when his company’s stock fell through the floor following a downturn in the precious metals mining industry and the collapse of his oil and gas company.

As reports make their way to the market that China is restocking iron ore, investors will be looking to make a quick buck speculating on movements in the commodity’s prices. Before you make an investment decision, however, keep Batista in mind and pay heed to what these analysts and executives from the iron ore industry are saying about the metal. Read More: BHP, C, FMG, MS, RIO, VALE

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