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YOU ALL KNOW OUR ALL DABBA STOCKS FALL 20 % To 70% IN LAST 3-4 WEEKS
WE ALERT YOU PLEASE --PLESE DONT CATCH FALLING KNIFE !!!!
ALL DABBA STOCK STILL HAVE MORE THEN 70% CHANCE TO BECOME PENNY STOCKS !!!!!
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OUR FULL LIST OF DABBA STOCKS( NEW PENNY STOCKS )
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Goldman Reduces Iron Ore Forecast as Global Demand Growth Slows
Goldman Sachs Group Inc. cut its estimate for iron-ore prices this year on expectations demand will moderate and steel production will slow in China, the world’s largest buyer.
Iron ore may average $139 a metric ton, compared with a previous estimate of $144, analysts Christian Lelong and Jeffrey Currie wrote in a report today. The bank has a neutral outlook on the commodity and prices may be supported at about $140 by the need for high-cost Chinese mine production to balance the market in 2013, the report showed.
Prices have dropped 7.2 percent in 2013 as China’s industrial output had the weakest start to a year since 2009 and concern rose that curbs on construction in the country will reduce demand for the steelmaking material. Iron ore has peaked and will decline over the rest of the year, Morgan Stanley said March 7, joining analysts from Deutsche Bank AG to Credit Suisse Group AG in forecasting lower prices.
“We expect global seaborne iron-ore demand to revert back to its historical growth rate of 2 percent per annum,” Goldman Sachs said. “Steel production growth has slowed in China and we expect it will remain below GDP growth rates in the future.”
Iron ore with 62 percent content delivered to the Chinese port of Tianjin slipped 0.2 percent to $134.40 a dry ton today, according to the Steel Index Ltd. Swaps are trading at $132 a ton for April, $127.50 for the second quarter and $121.25 for the third, according to SSY Futures Ltd., a broker.
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Exit In NMDC, SESA GOA, Tata Steel, JSW Steels
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Warren Buffett’s investment ideas asks us to buy stocksof only those companies whose “fundamentals” are very strong and its stock is available at “undervalued price”. When we say strong fundamentals we mean a healthy financial report, unique product line which is run by exceptional managers.
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