The Australian dollar jumping to US74.20¢ and the spot price of iron ore advanced to $US136.29 is a perfect storm for the Australian economy.
It is the fourth acquisition for the unlisted Elanor-run fund since it was established in March this year and takes the portfolio's value past $183 million.
Analysts have consistently underestimated the strength in iron ore prices for almost two years. Are mining earnings forecasts still too low?
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