I think there is a 100% chance you are fucking deluded.
I'm nearly 50% correct so far, so extrapolating that further....... Just like you guys do of course when it comes to so called future price rises except i can point to the macro economic data to support my argument and of course its already going my way.
I'm nearly 50% correct so far, so extrapolating that further....... Just like you guys do of course when it comes to so called future price rises except i can point to the macro economic data to support my argument and of course its already going my way.
Therefore I'm right?
Perth prices are down about 6%. In Brisbane, Sydney and Melbourne they are rising.
Exactly how do you figure you are 50% correct so far?
newjez
25 Nov 2015, 07:18 PM
We all have our embarrassing uncles.
So long as Rolf Harris here doesn't go all Bill Cosby it should be fine then I guess....
Laughing too hard to type at the prediction of 80% drops in value.
There will be some place in a Karri forest with a name like "gnanjerup" where prices will fall 80%. Or more. So this man will be right! No laughing matter.
There will be some place in a Karri forest with a name like "gnanjerup" where prices will fall 80%. Or more. So this man will be right! No laughing matter.
There will always be outliers, but a median drop of 80%...?
I'm nearly 50% correct so far, so extrapolating that further....... Just like you guys do of course when it comes to so called future price rises except i can point to the macro economic data to support my argument and of course its already going my way.
Therefore I'm right?
Steady, these things take time.
Northam seems to be feeling the pinch now, prices have dropped 30% acording to an old friend that has bought and now sold in that market.
I'm still expecting at least an 80% drop in prices.
The 1st article mentions a 32% drop........only 8% to go and we're at the Half way mark!
Where are all the Bulls now?
80 % is out there, but it could happen.
Iron ore is $40 per ton, it was $140 per ton. So $28 per ton,?? maybe. In real terms, for sure. Iron ore in real terms could approach an effective $0.
Peter
Expect major bankruptcies The biggest miners are betting that higher production will enable them to cut costs and raise market share while less efficient producers get squeezed. BHP's Alan Chirgwin, vice president of marketing for iron ore, has forecast that prices will gradually deteriorate over the next few years before finding a level well below $US50.
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