Iron ore to rise to US$90 per tonne

Iron ore has soared on the back of Donald Trump’s US$1trn infrastructure promise and a favourable Goldman Sachs report citing further supply shortages in China.

Zak Mir, technical analyst at Tip TV, believes the price spike to US$75 per tonne that followed Trump’s US presidential victory has yet to run its course.

Indeed, the bulk metal may be heading to as high as US$90 per tonne in the short-term he suggests.

Story by ProactiveInvestors

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

• Swing Trading Watch-List: JNPR, INTC, BERY, AMZN, A
• Too early to buy gold and gold stocks
• Monday update
• The Bond Vigilantes Will Stop Trumponomics
• The Truth About “Fake News” and “Useful Idiots”
• M Pharma reports asset growth in critical business transition
• Mkango reports jump in total assets in Q3
• Khot lowers losses in Q3
• Primeline gets lender support during arbitration
• The “Walking Dead” Are Real – Gerald Celente