BHP Billiton Limited (ASX:BHP) to Continue Rally
BHP Billiton Limited (ASX:BHP) to Continue Rally
BHP Billiton Limited (ASX:BHP) to Continue Rally, ADR id pointing to a 0.7% rise to $36.62.
The big iron ore miners had a solid session yesterday and are likely to be in for yet another strong session after iron ore prices climbed to $132.20.
They have been rising continuously since December 3 when it was trading at $115.30, and it certainly seems like confidence in that space is returning after the recent run of data from China.
Iron Ore Demand from China and ASEAN will Lift Prices
Economist and Hedge Fund Manager Shayne Heffernan of www.livetradingnews.com takes a look at Iron Ore and China.
Iron Ore has been a bumpy ride over the last few years, 2011 iron ore prices that averaged more than $US150 a tonne and peaked at more than $US180 a tonne.
This year they moved to $US130 a tonne, and then scared the mining world when they went below $US90 a tonne at the end of August.
In 2013 we expect to see $160 as they high and $140 as the average.
The flood of freshly printed money from Japan, Europe and the USA will end up in Asia, Asia will grow at a record rate and Iron Ore prices will follow.
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Heffernan Capital Management
Linda Johnson,
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Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
Member
Chinese Society of Economists
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