well, for all of those who base their investments on charts and cycles - anyone posting this chart will pray it doesnt level off right now.. as if it does, thats classic head and shoulder formation...
whats that you say ?
hint... when everyone was bagging mustapha mond/ foxbat when he made the early claim that iron ore would get back to $40-$60 range. However a quick look at the chart said it would happen and happen quickly .. and it did... got the standard "but its a commodity, its different" and yet... its now at $40...
Thank you for your observation, you are one of the first to make that note.
Thanks
It is all supply and demand.
And it is never different this time.
Good luck.
Peter
Trojan
27 Nov 2015, 12:30 PM
Hahaha ... so true It's like drugs ... you have to keep upping the dosage to get the same effect - predicting 40% crashes no longer does the trick
Yes, because there is a worldwide shortage of gas.....
You are not that stupid Jimbo - the contracts are mostly signed and sealed years ago.
foxbat
27 Nov 2015, 12:34 PM
Thank you for your observation, you are one of the first to make that note.
Thanks
It is all supply and demand.
And it is never different this time.
Good luck.
Peter No, now that the 40% drop in real terms is here.
Peter
Remember "real terms".
Peter
The chart is not appropriate for this situation as we are not discussing a market trend we are discussing a one off huge investment in this county's future with occurred in the middle of a very very long period of growth in business investment that has every intention of continuing in its usual upward manner.
All the reports are upbeat moving on into the less dramatic more sustainable growth in business investment in this country. If you bears ever cared to read beyond the headlines you would know this.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
well, for all of those who base their investments on charts and cycles - anyone posting this chart will pray it doesnt level off right now.. as if it does, thats classic head and shoulder formation...
whats that you say ?
hint... when everyone was bagging mustapha mond/ foxbat when he made the early claim that iron ore would get back to $40-$60 range. However a quick look at the chart said it would happen and happen quickly .. and it did... got the standard "but its a commodity, its different" and yet... its now at $40...
Gotta love that 2nd graph. Right up there with those posted by the puppet master and its guises.
Gotta love that 2nd graph. Right up there with those posted by the puppet master and its guises.
...you mean the joke one that gullible fool rastus2 took seriously and which Shadow edited, causing rastus to call Shadow a liar in multiple posts on multiple threads?
...you mean the joke one that gullible fool rastus2 took seriously and which Shadow edited, causing rastus to call Shadow a liar in multiple posts on multiple threads?
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
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