Let's look at fundamentals here;
Australia is destined for TWO interest rate cuts this year, outcome is dollar drops against USD.
China is predicted to miss its 7.5% GDP growth target, outcome is that they may stimulate.
India is now importing iron ore and their government is pro growth.
Demand fundamentals mean that price will increase and as the dollar drops margin increases - this bodes very well for western australian iron exporters.
GLTAH
MGX Chomp Chomp, page-35
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