agree with your comments. Fx and iron ore can change so quickly. Just after the GFC when China stimulated the economy most of it spent on infrastructure and therefore iron ore consumption increased. Obviously the prices went up to. However as soon the stimulus was reduced and stopped Iron ore prices drop very quickly. This time too that is what the experts are saying. In fact Australian government budget forecast for Iron ore for last two years has been $55 where as it has gone up to Almost $200. I am sure this will change quickly when China withdraws the stimulus and A$ will drop too.
MFG Price at posting:
$48.81 Sentiment: Buy Disclosure: Held
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