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Forecasts of $20/t iron ore. The response? IO now $48/t.; Iron ore recovery offers budget boon hopes
Topic Started: 21 Feb 2016, 07:58 PM (42,843 Views)
Rastus2
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Trollie
17 Apr 2016, 06:02 PM
It would make more sense for you to proof read your work, something a 4th grader can master.

Rebar prices have gone parabolic.

Posted Image

Perhaps, but I assume that readers have more brain power than a gnat, and thus, can manage to get past hurdles such a minor typo's or spelling mistakes... it's a public forum, not an english class, and you are a little troll, not a school teacher.


The futures market does look good for those... when do you think they will hit their previous highs ?
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Matthew
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Jason
17 Apr 2016, 06:36 PM
The sweet smell of stimulus is in tha air ...
Stale sock more like it Socki.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Trollie
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Rastus2
17 Apr 2016, 07:22 PM
The futures market does look good for those... when do you think they will hit their previous highs ?
No commodity is going to see previous highs anytime soon.

At $60/t the majors profit margin on iron ore is juicy.
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Rastus2
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Trollie
17 Apr 2016, 08:37 PM
No commodity is going to see previous highs anytime soon.

At $60/t the majors profit margin on iron ore is juicy.
Any time soon is pretty vague.

I think gold will see it's previous highs within 12 months... however IO will be many more years before it recovers back to it's highs.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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stinkbug
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Rastus2
17 Apr 2016, 09:09 PM


I think gold will see it's previous highs within 12 months... however IO will be many more years before it recovers back to it's highs.
I agree with half this statement. I don't think gold is going to jump within 12 months.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Matthew
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stinkbug
17 Apr 2016, 09:19 PM
I agree with half this statement. I don't think gold is going to jump within 12 months.
Iron Ore will never see those highs again.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Trollie
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Trying to predict commodities years into the future is crystal ball gazing stuff.
I think copper and aluminum are most likely to bounce sooner. Iron ore will have it's day again, with most of the world still missing essentials it's just a matter of when not if.
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Rastus2
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stinkbug
17 Apr 2016, 09:19 PM
I agree with half this statement. I don't think gold is going to jump within 12 months.

You could be right... it would take some serious fear/panic to cause the rise... the only reason I hold the stuff is as insurance for my other assets.

My 12 month guess was based on the likelihood of anything ugly happening in the world that might cause a bit of fear and movement of money into 'safety'.... there are a few things that could lead to that, then there is always the black swan.

Despite what many people say, old habits die hard... if the public sees any crash in stocks/finance/housing, the herd mentality will often draw them to a 'safe' asset class.... it does not matter if it is really safe, just the perception is enough.

Ask yourself, when did the peak in 2011 really start ? IMHO, it started back in 2008 when fear caused the herd to look for 'safety'.

I am fine with other assets, but like property, I like to have a bit of shiny metal asset, just in case I miss out on a herd and get trampled. :D
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Poontang
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stinkbug
17 Apr 2016, 09:19 PM
I agree with half this statement. I don't think gold is going to jump within 12 months.
I think Gold will be above $1400USD and over $2000AUD in 12 months.
Matthew
17 Apr 2016, 09:59 PM
Iron Ore will never see those highs again.
Maybe within 10 years.
Edited by Poontang, 18 Apr 2016, 09:50 AM.
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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Ex BP Golly
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Rastus2
18 Apr 2016, 12:59 AM

You could be right... it would take some serious fear/panic to cause the rise... the only reason I hold the stuff is as insurance for my other assets.

My 12 month guess was based on the likelihood of anything ugly happening in the world that might cause a bit of fear and movement of money into 'safety'.... there are a few things that could lead to that, then there is always the black swan.

Despite what many people say, old habits die hard... if the public sees any crash in stocks/finance/housing, the herd mentality will often draw them to a 'safe' asset class.... it does not matter if it is really safe, just the perception is enough.

Ask yourself, when did the peak in 2011 really start ? IMHO, it started back in 2008 when fear caused the herd to look for 'safety'.

I am fine with other assets, but like property, I like to have a bit of shiny metal asset, just in case I miss out on a herd and get trampled. :D
Indeed.

"Safe as houses", "safe as gold".

Mob rules.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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