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Iron ore - supply and demand rides again
Topic Started: 30 May 2014, 03:23 PM (44,305 Views)
Foxy
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Zero is coming...

http://www.theaustralian.com.au/business/price-dip-hits-low-quality-iron-ore/story-e6frg8zx-1226942117531#

$60 here we come.
Peter
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newjez
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Can't see 60 dollars without a property crash in China, or a marked appreciation of the USD against every BRIC currency. And even then it will depend on debt restructuring. Not sure it's something you want to wish for.
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...

newjez
4 Jun 2014, 11:50 AM
Can't see 60 dollars without a property crash in China, or a marked appreciation of the USD against every BRIC currency. And even then it will depend on debt restructuring. Not sure it's something you want to wish for.
Newjez.

In 1979 when i went to the Pilbara they could not give the ore away.
It will happen again.
$60 here we come.

Peter
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newjez
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Mustapha Mond
4 Jun 2014, 11:58 AM
Newjez.

In 1979 when i went to the Pilbara they could not give the ore away.
It will happen again.
$60 here we come.

Peter
As I said, it could happen, but only in a very troubled world.
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...

http://www.theaustralian.com.au/business/mining-energy/bhp-sacks-100-from-perth-iron-ore-hq/story-e6frg9df-1226943325028


A whole world of pain is coming.

!00 houses going cheap??

Very sad for believers.

Peter


http://www.theaustralian.com.au/business/mining-energy/bhp-sacks-100-from-perth-iron-ore-hq/story-e6frg9df-1226943325028


A whole world of pain is coming.

http://www.youtube.com/watch?v=YedqV4Gl_us

!00 houses going cheap??

Very sad for believers.

Peter

Edited by Foxy, 5 Jun 2014, 11:55 AM.
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Abbott and Co.
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China's biggest bank has decided to put the screws on the Iron Ore importers!

"China’s biggest provider of letters of credit for iron ore imports (Bank of China) is making it much harder for importers amidst a government crackdown on the use of imports as collateral for financing, according to an unnamed official at Bank of China:

Monthly lending quotas have been centralized to the provincial level

The China Banking Regulatory Commission has ordered banks to step up risk controls

“… provincial headquarters sets a quota for local branches in Shandong province. We don’t decide anymore and, of course, the quota is much smaller than previous ones … it’s becoming very, very difficult to open letters of credit for iron ore”

The Bank of China has also ordered local branches not to open letters of credit if importers haven’t found a buyer for the to-be-imported ore – this will limit stockpiling"

Next big leg down (to around $80) will be in Q4, which will capture the recent april/may fall in real estate sales in the 2nd and 3rd tier cities!
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newjez
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Mustapha Mond
5 Jun 2014, 11:39 AM
A meer drop in the ocean. Look at the trade balance, look at the budget.
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...

newjez
5 Jun 2014, 02:50 PM
A meer drop in the ocean. Look at the trade balance, look at the budget.
An ocean is made up of may drops.
Peter
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PiratePete1911
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Im getting confused as to who is the bear and who is the bull...
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doubleview
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What about Timmy the ass clown... what happen to him?

Prob got fired, I couldn't believe the regurgitated crap coming from his pie hole.

Worst still he was claiming it as his own analysis, now the plagiarist ass monkey disappears.

Additionally what happen to all the pretenders with so many points, trying to assure us that these ghosts cities are/where normal.

These points also looked regurgitated from every forum/sight/info outlet since these cities were made known to western world.

Why where people going to so much trouble to defend this?
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