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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 (42,820 Views)
Trollie
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Rastus2
7 May 2016, 09:02 PM

so now you want to squirm and claim that the Iron Ore Market which has existed for many decades is not the kind of Iron Ore Market you consider when making decisions on it's price because it's not like gold
That was my original claim. I was responding to poontang about gold.

You're really bad at this...

Anyway, forgetting Rastus's failures. Iron ore volatility continues. $57.

All the moron's laughing because I said goldman sachs had their price prediction wrong for this year, how's that humble pie taste?

The outlook for this quarter was increased 47 percent to $55 a metric ton
Edited by Trollie, 9 May 2016, 07:47 PM.
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Terry
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Trollie
9 May 2016, 07:43 PM
That was my original claim. I was responding to poontang about gold.

You're really bad at this...

Anyway, forgetting Rastus's failures. Iron ore volatility continues. $57.

All the moron's laughing because I said goldman sachs had their price prediction wrong for this year, how's that humble pie taste?

The outlook for this quarter was increased 47 percent to $55 a metric ton
But Roddy, iron ore futures are crashing. I'll point out that futures necessarily an indicator of future spot prices. Anyway, you're only a construct so it doesn't matter.
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Rastus2
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Trollie
9 May 2016, 07:43 PM
That was my original claim. I was responding to poontang about gold.

I am really bad at this...

The difference you cited was long bear cyles, not your fabricated claims of an absence of market price that you then wriggled to :re:

Next you will say as one is yellow and the other is not, they can never be compared together in charts :D

Both have been traded in a market with a market price for ages, and both have charts with bear cycles... nice try trollie :z:
Edited by Rastus2, 10 May 2016, 01:16 AM.
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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John Frum
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< $55/t - spot prices rolling over, futures following suit on Government measures to curb speculative trading.

But wait, wasn't Timmy the Trollie assuring us all a few weeks ago that the rally was based on 'fundamentals'?

Egads! Minsky! Ponzi! Rush for the exit! etc etc ...
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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newshound
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Iron Ore, Rebar Crash Into Bear Market

Real demand for steel in China dropped at least 7% in April from the year before, according to Citigroup’s Tracy Liao estimates, so it should not be a total surprise that the frenzied speculative buying in Iron Ore, Rebar, and various other industrial metals in China has crashed back to reality as volumes plunge, dragging The Baltic Dry Freight Index with it as yet another government-manipulated 'signal' collapses into a miasma of malinvestment and unintended consequences.

http://www.zerohedge.com/news/2016-05-09/iron-ore-rebar-crash-bear-market-baltic-dry-dead-cat-bounce-dies
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Terry
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newshound
10 May 2016, 10:30 AM
Iron Ore, Rebar Crash Into Bear Market

Real demand for steel in China dropped at least 7% in April from the year before, according to Citigroup’s Tracy Liao estimates, so it should not be a total surprise that the frenzied speculative buying in Iron Ore, Rebar, and various other industrial metals in China has crashed back to reality as volumes plunge, dragging The Baltic Dry Freight Index with it as yet another government-manipulated 'signal' collapses into a miasma of malinvestment and unintended consequences.

http://www.zerohedge.com/news/2016-05-09/iron-ore-rebar-crash-bear-market-baltic-dry-dead-cat-bounce-dies
Actually, this is not really "news". Anyone with a cursory interest in commodities trading know what has been happening since the deregulation of commodities trading in China. Just because a puppet construct starts moving to its rods and levers doesn't mean a return to the "good old days."

Anyway, I thought commodities were irrelevant to the suburbs now and it was all about tourism driving the values of their homes. Kind of odd that the new paradigm hasn't taken off.
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Rastus2
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Trollie
9 May 2016, 07:43 PM
That was my original claim. I was responding to poontang about gold.

You're really bad at this...

Anyway, forgetting Rastus's failures. Iron ore volatility continues. $57.

All the moron's laughing because I said goldman sachs had their price prediction wrong for this year, how's that humble pie taste?

The outlook for this quarter was increased 47 percent to $55 a metric ton
Posted Image

Prices to the Moooooon
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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newjez
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Terry
10 May 2016, 12:45 PM
Actually, this is not really "news". Anyone with a cursory interest in commodities trading know what has been happening since the deregulation of commodities trading in China. Just because a puppet construct starts moving to its rods and levers doesn't mean a return to the "good old days."

Anyway, I thought commodities were irrelevant to the suburbs now and it was all about tourism driving the values of their homes. Kind of odd that the new paradigm hasn't taken off.
I'm guessing, but now, due to the speculative nature of iron ore, we are about to see a daily reduction of 20%?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Terry
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newjez
10 May 2016, 01:55 PM
I'm guessing, but now, due to the speculative nature of iron ore, we are about to see a daily reduction of 20%?
Not sure why you would guess a fall of 20% in a single day.
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Rastus2
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newjez
10 May 2016, 01:55 PM
I'm guessing, but now, due to the speculative nature of iron ore, we are about to see a daily reduction of 20%?

I highly doubt we will see anything like those falls
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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