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Iron ore - supply and demand rides again
Topic Started: 30 May 2014, 03:23 PM (44,262 Views)
peter fraser
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Mustapha Mond
19 Sep 2014, 10:16 AM
Small price increase in iron ore.
Peter
http://www.macrobusiness.com.au/2014/09/daily-iron-ore-price-update-crushed-cat/

Oh that was short lived.
Peter it's not much point linking to closed sites - no one else can read them.

It's behind a paywall but you can cut and past a paragraph or two from their article to support your views as long as you don't copy the full article.
Edited by peter fraser, 19 Sep 2014, 01:18 PM.
Any expressed market opinion is my own and is not to be taken as financial advice
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Dr Watson
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The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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Foxy
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Zero is coming...

newjez
19 Sep 2014, 01:03 PM
80 cents should hold, or else things start to get sticky and smelly.
The right sort of sticky and smelly?? :bh:
Peter
Titans falling??
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Foxy
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Zero is coming...

peter fraser
19 Sep 2014, 01:08 PM
Peter it's not much point linking to closed sites - no one else can read them.<br /><br />It's behind a paywall but you can cut and past a paragraph or two from their article to support your views as long as you don't copy the full article.
ok.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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newjez
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Mustapha Mond
19 Sep 2014, 02:43 PM
The right sort of sticky and smelly?? :bh:
Peter
Titans falling??
Well, it's okay for me, but it's probably not okay for a lot of people. You could benefit from a lower dollar, but I doubt a recession would be in your interests.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Foxy
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Zero is coming...

The frothy money is gone from the market.
Karratha rents are off 50%.
Lots of relatively high jobs are being lost.
Many units are empty in Perth.
FIFO boys are in decline.
This has to feed through the entire economy.
Peter

Simple supply and demand in play.
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Perthite
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Mustapha Mond
20 Sep 2014, 04:57 AM
The frothy money is gone from the market.
Karratha rents are off 50%.
Lots of relatively high jobs are being lost.
Many units are empty in Perth.
FIFO boys are in decline.
This has to feed through the entire economy.
Peter

Simple supply and demand in play.
You will find though that on the production side a % of those job losses see the same job being filled by someone on considerably less pay.

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Foxy
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Zero is coming...

Perthite
20 Sep 2014, 02:52 PM
You will find though that on the production side a % of those job losses see the same job being filled by someone on considerably less pay.
I first went on an iron ore mine when i was about 14 years old.
Off and on in the Pilbara for 30 years.

Always less, never more.
The most efficient producer wins that game.
The fat always has to be cut.

The iron ore workers, we called them "Rockapes" will one day wonder what the hell they are doing it for.

Companies always put the shareholders first.

Nothing wrong with that.

Peter
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newjez
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Taking another run at 80. Hold onto your hats!
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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newjez
22 Sep 2014, 08:30 AM
Taking another run at 80. Hold onto your hats!
Tick tock..tick tock......

So much for timmys $120 call soon.

Looks like its ready to punch through $80 this week, won't be much longer.

Go and look at all the expert calls, not a clue in the world. Nothing new there, full of shit , lies and delusion.

If the dopes understood what actually caused the rise, they would have known it would not be much longer before it collapses.

Futures traders will be cashing out altogether soon and staying out, might be a quick run to $70, whatya reckon Timmy.

With all this bullshit talk from the fed about lifting rates, our dollar has coped a little hiding of late. Foreignors holding banks stocks and money in our banks have started to cash out . so for any foreignore who held on , their not only losing money with the dollar dropping but also with the stock price dropping through the sell off. While I expect the dollar to stabilize a bit after the initial frenzy, there is still a risk on banks stocks should the dollar see further decline. There are a lot of foreignors holding money in our banks and bank stocks. If a panic sets in , it is possible there could be a bit of a run out of bank stocks as much as some are seeing it as a buy. Little risky right now. The dollar did not drop much at all when the price of iron ore was being smacked around, so their maybe extra pressure coming from that.

But like I said earlier, its all bulshit from the fed. When they come out and admit they can't raise rates or won't be raising them, then our dollar could strengthen up. I doubt they would even throw a small dummy rise out there to test the waters, they already know what it would do and know they will look like bigger fuckwits if they were to raise them by .25% only to have to retract it months later, that type of shit could trigger a collapse. So we will only ever here talk of rates rising, but it won't actually happen. Unless of course it was forced on them through a dollar or bond collapse or similar.

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