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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 (42,801 Views)
Rastus2
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Rufus
1 Dec 2016, 12:27 AM
Iron ore is taking a pasting today with more again tomorrow.
Trading was halted.
Well clearly a strong rise from it's horrible fall... not a bad thing for Australian economy, and those desperate to see it recover.

Anyone following The Australian on the LNG rippoff ?

Might have to start a thread
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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Terry
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Rastus2
1 Dec 2016, 09:22 AM
Well clearly a strong rise from it's horrible fall... not a bad thing for Australian economy, and those desperate to see it recover.

Anyone following The Australian on the LNG rippoff ?

Might have to start a thread
Kind of pointless battling puppets and impressionables about commodity prices. Most suburbanites sub-consciously think resources are a driver of wealth in Australia. They've heard the stories of 100K for cleaning toilets in the Pilbara. They will explicitly get excited when prices are high, but will follow the media or a nutty theory when prices fall.
Edited by Terry, 1 Dec 2016, 09:45 AM.
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deluded
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Could it be that China is buying a strategic reserve of iron ore?

Or maybe there is a scramble for anything tangible in China. The people may be worried about a large currency devaluation or heavy capital controls.
Real Trump News -- Real Climate Science News -- Real Democrat Party News
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herbie
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Rastus2
1 Dec 2016, 09:22 AM
Anyone following The Australian on the LNG rippoff ?
And what rip off might that be?

That Aussies who have ever worked and paid taxes anywhere overseas in the LNG industry are allowed to retire back here or some such perchance???

Tool - LOL

PS: http://australianpropertyforum.com/topic/30036757/6/ - LOL LOL LOL
Edited by herbie, 1 Dec 2016, 10:13 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Trollie
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Rufus
1 Dec 2016, 12:27 AM
Iron ore is taking a pasting today with more again tomorrow.
Trading was halted.
Yep, they are trying to fix prices to their liking while maintaining the benefits of a free market.

Tricky combo.
Guest
1 Dec 2016, 07:06 AM


"Inventory at Chinese ports has been rising.

"It has risen about 30 million tonnes this year so far and the Chinese steel mills are still going strongly but they're certainly not increasing the output of steel in a way that would indicate the price rises that we've seen."
That's rubbish newjez assures me port stocks don't matter.
Edited by Trollie, 1 Dec 2016, 10:37 AM.
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Trollie
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Ended the week over $78.

The upward pressure seems here to stay. China PMI for November is in positive territory, supporting steel prices.
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Ex BP Golly
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Trollie
1 Dec 2016, 10:36 AM
Yep, they are trying to fix prices to their liking while maintaining the benefits of a free market.
So says the puppet that couldn't see the smash coming amended believed crazy prices for rust was the new normal lol
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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createdby
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What a shit metal to invest in. The spot is moving closer to 1/2 it's historical high but RIO/BHP aren't even close to moving back to 1/2 their historical share price high. FMG is doing ok.

That's what happens you have to build miles and miles of tracks and big big boats to haul the shit around by the tonnage only to be used in making buildings and cars that nobody wants right now. Not to mention competing with scrap.

Go for a good metal like gold. You only need an armor truck and Fedex to move it from mine to vault. Very cheap to produce, not capital intensive compared to iron ore, so the gains are exponential. Not to mention miners have optionality - they're mining money after all, so they can wait for spot price recovery. A 10% move in gold spot takes the share price more than 2x or even higher for juniors. Imagine a 100% move in spot price. You're talking 1000% or more movement in share prices. It's a no brainer.
Edited by createdby, 3 Dec 2016, 10:26 AM.
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Trollie
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Ex BP Golly
3 Dec 2016, 09:30 AM
So says the puppet that couldn't see the smash coming amended believed crazy prices for rust was the new normal lol
That's just lie you tell yourself make you feel better about your failure to see the boom in house prices coming.
createdby
3 Dec 2016, 10:19 AM

Go for a good metal like gold. You only need an armor truck and Fedex to move it from mine to vault. Very cheap to produce, not capital intensive compared to iron ore, so the gains are exponential.
Gold producers unit cost is more than $900/oz and requires expensive plants to extract the gold.

Iron ore producers unit cost is $23/t and requires a crusher monkeys could run.


createdby
3 Dec 2016, 10:19 AM
What a shit metal to invest in. The spot is moving closer to 1/2 it's historical high but RIO/BHP aren't even close to moving back to 1/2 their historical share price high. FMG is doing ok.
Just like the gold miners then. Barrack isn't close to 1/2 it's high.
Edited by Trollie, 3 Dec 2016, 11:36 AM.
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Ex BP Golly
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Your a sad twisted little fellow trolley.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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