No, I have never said it won't fall below the cost of Chinese production, and I don't ever recall you saying it would.
Prices will rise and prices will fall for all sorts of reasons including cyclones which are a bit unpredictable to say the least, but we didn't see $20 and we probably won't.
Oh fcuk off Peter. I argued with Timmy and every other bull for months over this. He wouldn't expect the fact that China would support their industry. I didn't pick the epic overshot. That was a bunch of idiot bears chancing their arm. But there are reams of posts from me warning China would support their mining industry.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Oh f*** off Peter. I argued with Timmy and every other bull for months over this. He wouldn't expect the fact that China would support their industry. I didn't pick the epic overshot. That was a bunch of idiot bears chancing their arm. But there are reams of posts from me warning China would support their mining industry.
I guess that's the real question. Is the $40/t zone under value or fair value for IO? Current movements suggest not.Vale are predicting 100 mt out of the market from them alone. Prices continue to push up.
that's $75 Aussie dollars, not a bad effort especially if it keeps going up
I suppose Jimbo and Veritas will be hoping there will be time enough for people to rush out and sell their good homes for a pittance between now and this nice little windfall helping out the State budget.
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.
Do you have a target trolley or you just enjoying watching it go up? Do you understand why it's going up?
I think that it's just a bit of a giggle watching it defy the predictions of the uber bears. Actually a lower iron ore price would suit most bulls (except for Perth Bulls) but there is a delicious irony in iron ore prices.
It's especially funny when a higher price would suit the east coast bears, yet they cheer on a lower price. Ya have to laugh.
Take risks - if you win you will become wealthy, if you lose you will become wise
Do you have a target trolley or you just enjoying watching it go up?
I find it very interesting. You could clearly see the frenzied race to make the most outlandish price prediction, as analysts attempted to get their names in the news.
Once you've hit that stage you know the bottom is in or very close.
The Perth bears were a study all on their own. Burnt once before they still didn't pause for even a second calling a major crash. They leapt right in with both feet citing "accelerating rates of decline". This despite WA having the highest rates of savings of any state, the highest income, low unemployment and a long period of affordability with little real growth in prices.
Their excitement was palpable so their downfall will be pure troll candy.
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