Iron Ore & Real Assets

Teck Resources (TCK) reports tomorrow.  I hope they stop thinking about getting into iron ore.  Vale is a $17 stock.  Iron ore inventories at China’s ports hit a record by Sober LookIron ore price spirals to 8-month low; traders draw 2008 comparisons at MiningFront-end iron ore swaps selloff flattens curve at PlattsIron Ore-Spot prices extend losses; outlook weak from Reuters.  Long term “Global iron ore demand is set to double” at Intierra.

Indonesia ‘requests’ 51% of Grasberg, Freeport agrees to 9.3% ‘at the moment’.  What happens next? at Mining.  Who ever thought FCX would have a dividend yield more than double the 10 year Treasury and look so bad?

“Bill Gross…real assets are a “better bet” amid negative real interest rates.  Investors may be able to maintain purchasing power with real assets…”  Bloomberg

Water is the new gold, a big commodity bet at Marketwatch.