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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,363 Views)
Foxy
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Zero is coming...

http://www.zerohedge.com/news/2016-05-07/gold-doing-what-it-does-best


Gold, gold, gold...



http://www.zerohedge.com/print/530561
http://www.zerohedge.com/news/2016-05-07/gold-flight-safety-surges-amid-biggest-junk-bond-outflows-history

https://www.youtube.com/watch?v=5aYtx0tioSM
https://www.youtube.com/watch?v=gsyuWylBjBQ
I am going to try peel $20m out of this if it runs.

I am almost set.

Peter

Edited by Foxy, 8 May 2016, 11:29 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Terry
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foxbat
8 May 2016, 11:12 AM
Yes Foxy, It's been a very foxy 72 hours for the most emotional commodity on the planet.

-- So we have dividend-less gold (even though the Fed pays dividends to gold owners through interest rate manipulation).

-- And we have the yen, which supposedly costs money to hold.

However, investors in either / or / both are getting rewarded.
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Foxy
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Zero is coming...

Terry
8 May 2016, 11:37 AM
Yes Foxy, It's been a very foxy 72 hours for the most emotional commodity on the planet.

-- So we have dividend-less gold (even though the Fed pays dividends to gold owners through interest rate manipulation).

-- And we have the yen, which supposedly costs money to hold.

However, investors in either / or / both are getting rewarded.
Every dog has its day,

Maybe gold is about to have it's.

Time as they say will tell.

I have put $1m on the nose.

Lets see.

I believe Australia will have a new richest man, Mr. M.C.

Will fill in the blanks when it is published.
Peter


It happens while you sleep.

Peter
Edited by Foxy, 8 May 2016, 11:43 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Trollie
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If only all those socks could earn an income hey terry. :re:
Reckon you're going to claw this lot back?

Posted Image
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Gust
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foxbat
25 Nov 2015, 08:57 PM

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.
I hear China has 98.5 Million tons of Iron Ore stock. Enough to build 15,000 San Francisco Bay bridges.

China Commodities Selloff Deepens, Steel Has Worst Week Since 2009
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hidflect
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foxbat
25 Nov 2015, 08:57 PM

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.
I hear China has 98.5 Million tons of Iron Ore stock. Enough to build 15,000 San Francisco Bay bridges.

China Commodities Selloff Deepens, Steel Has Worst Week Since 2009
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Terry
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hidflect
8 May 2016, 12:05 PM
I hear China has 98.5 Million tons of Iron Ore stock. Enough to build 15,000 San Francisco Bay bridges.

China Commodities Selloff Deepens, Steel Has Worst Week Since 2009
This was no secret or surprise, especially now that the suburbanites are playing industrial commodities like Baccarat.
Trollie
8 May 2016, 12:03 PM
If only all those socks could earn an income hey terry. :re:
Reckon you're going to claw this lot back?

Posted Image
That's right Roddy. The suburbanites wouldn't have a bar of it looking at that graph. And so they shouldn't, gold has no place in the suburbs of Australia.
Edited by Terry, 8 May 2016, 12:16 PM.
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Jimbo
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Trollie
8 May 2016, 12:03 PM
Reckon you're going to claw this lot back?
Not sure what Terry paid for his, but mine cost just shy of 1,400 bucks an ounce.

It is now worth 1,700 per ounce.

300 x 100 = your annual salary.

Or a nice world cruise for me and the missus.

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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Terry
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Jimbo
8 May 2016, 03:19 PM
Not sure what Terry paid for his, but mine cost just shy of 1,400 bucks an ounce.

It is now worth 1,700 per ounce.

300 x 100 = your annual salary.

Or a nice world cruise for me and the missus.
Don't own any gold. Went through a phase of trading paper but got bored. Flicking through though, I have an untouched ETF that will be 10 years old next week. Almost forgot about it.
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Jimbo
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Terry
8 May 2016, 03:34 PM
Don't own any gold. Went through a phase of trading paper but got bored. Flicking through though, I have an untouched ETF that will be 10 years old next week. Almost forgot about it.
I didn't buy gold to make a profit. I bought it as a hedge in case my other bets went wrong.

An insurance policy if you like.

With a free world cruise chucked in at the end.
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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