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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 (42,815 Views)
Ex BP Golly
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Trollie
24 May 2016, 10:52 AM
Golly doesn't own anything, if he makes modifications or fails to pay taxes they will be taken off him so by his own definition he doesn't own them.


$52.70 today, USD is strong. This a 10 week low, so much for newjez, golly, rastus, hidflect, kodiak and jimbo's calls of $20/t iron ore.
Do you bring your own vasso?

WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Rastus2
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Trollie
24 May 2016, 10:52 AM
Golly doesn't own anything, if he makes modifications or fails to pay taxes they will be taken off him so by his own definition he doesn't own them.


$52.70 today, USD is strong. This a 10 week low, so much for newjez, golly, rastus, hidflect, kodiak and jimbo's calls of $20/t iron ore.
US$51.22 a tonne

oh dear... I can hear the squealing of trollie as I type.

Posted Image
Edited by Rastus2, 25 May 2016, 06:19 PM.
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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Trollie
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Rastus2
25 May 2016, 06:18 PM
US$51.22 a tonne
I wonder why you price iron ore in USD and insist on pricing gold in AUD (at the moment)

:re:
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Rastus2
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Trollie
26 May 2016, 09:13 AM
I wonder why you price iron ore in USD and insist on pricing gold in AUD (at the moment)

:re:

To be honest, I just replied to you USD post... I assumed your posting in USD for IO all the time must mean that the currency you operate in.

More than happy to post in AUD if you can show me a link of the daily price in AUD.


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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hidflect
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skamy
24 May 2016, 01:29 PM
And are you still calling a huge price crash in Perth hey?

You seem to go for some out there predictions.
I called a $14 handle for BHP back when it was over $24. So my "out there" predictions can be pretty OK.

Miners are over-producing IO in far greater quantities than the Saudis are with oil. And oil went from $130 down to $27. And we need oil continuously and without fail. It runs everything and is hard to stockpile. IO, on the other hand, can be stored and IS being stored in mind-boggling quantities.

A large portion of this stockpile is off the books because wanna-be Chinese have used it as collateral to make overseas investments in a scheme used as a dodge to avoid capital controls on buying $. There are mountains of IO that sit, never intended for use. So long as debt repayments on the loans continue, these mountains will never enter the market. This IO must be funding a large part of the buying spree in Sydney, I guess. If those loans turn bad (and a lot will), you'll see the IO absorbed back into the market in a hushed up manner by the Chinese govt. to avoid price crashing but they won't be able to prevent the resulting crash in forward demand for new shipments. You'll see a sudden and mysterious dump in prices and know you know the reason.
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Ex BP Golly
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Trollie
24 May 2016, 10:52 AM
Golly doesn't own anything, if he makes modifications or fails to pay taxes they will be taken off him so by his own definition he doesn't own them.


$52.70 today, USD is strong. This a 10 week low, so much for newjez, golly, rastus, hidflect, kodiak and jimbo's calls of $20/t iron ore.
It's like watching a masturbating monkey at the zoo. Troll-e is so sad...... it's fascinating.

And his myth that I among others called $20 a ton is so cute.
Edited by Ex BP Golly, 26 May 2016, 03:22 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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newjez
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Ex BP Golly
26 May 2016, 03:20 PM
It's like watching a masturbating monkey at the zoo. Troll-e is so sad...... it's fascinating.

And his myth that I among others called $20 a ton is so cute.
I do remember people making fun of me because I wasn't bearish enough on iron ore. You can't win can you?
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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Trollie
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newjez
26 May 2016, 03:54 PM
I do remember people making fun of me because I wasn't bearish enough on iron ore. You can't win can you?
It's because bears believe they can time the markets, when they really have the worst timing imaginable.
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Khaderbhai
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Wealthy Suburbanite

Trollie
26 May 2016, 04:20 PM
It's because bears believe they can time the markets, when they really have the worst timing imaginable.
That Crazy Ted chap is a prime example. Sold out of Sydney property and piled the proceeds into gold in 2011. You literally could not pick a worse time. It was the most disastrous bit of timing ever. Steve Keen also messed up when he sold his Sydney unit in 2008, but at least Steve didn't put it all on gold at the peak of the gold bubble.

Ted's just lucky the falling Aussie dollar eventually mitigated some of his gold losses, but he's still down 60% on Sydney property alone.
Edited by Khaderbhai, 26 May 2016, 05:29 PM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Trollie
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Khaderbhai
26 May 2016, 05:27 PM
That Crazy Ted chap is a prime example. Sold out of Sydney property and piled the proceeds into gold in 2011. You literally could not pick a worse time. It was the most disastrous bit of timing ever. Steve Keen also messed up when he sold his Sydney unit in 2008, but at least Steve didn't put it all on gold at the peak of the gold bubble.

Ted's just lucky the falling Aussie dollar eventually mitigated some of his gold losses, but he's still down 60% on Sydney property alone.
Not to mention gold had no yield all that time.

Khaderbhai, you're awesome!
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