Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
  • 10
Iron ore explodes, posting biggest ever one-day gain
Topic Started: 8 Mar 2016, 11:54 AM (9,129 Views)
John F. Kennedy
Default APF Avatar


Rufus
9 Mar 2016, 03:56 PM
I disagree, if the rally continues then the $AUD will rise further and the RBA will be forced to cut to lower our dollar so that the economy can continue to rebalance.
Come on Rufus, they're not going to cut interest rates when inflationary pressures are building and all indicators are on the up. They had the luxury of an IR cut when the arse fell out of iron ore/GDP in 2014/15 and they could claim that it was part of stimulus. Sure they will complain about the dollar but so what. If we go back to high iron ore/high dollar, RBA will just do nothing.
Profile "REPLY WITH QUOTE" Go to top
 
Andrew Judd
Default APF Avatar


John F. Kennedy
9 Mar 2016, 04:04 PM
Come on Rufus, they're not going to cut interest rates when inflationary pressures are building and all indicators are on the up.


Inflation pressures building??
Edited by Andrew Judd, 9 Mar 2016, 04:55 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


John F. Kennedy
9 Mar 2016, 04:04 PM
Come on Rufus, they're not going to cut interest rates when inflationary pressures are building and all indicators are on the up. They had the luxury of an IR cut when the arse fell out of iron ore/GDP in 2014/15 and they could claim that it was part of stimulus. Sure they will complain about the dollar but so what. If we go back to high iron ore/high dollar, RBA will just do nothing.
The RBA has two mandates.

1. Contain inflation (the RBA read that to be between 2% and 3% pa.)

2. Maintain as close as possible full employment.


We are seeing very little inflation, so right now it's all about creating jobs in the new economy.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
skamy
Member Avatar


John F. Kennedy
9 Mar 2016, 04:04 PM
Come on Rufus, they're not going to cut interest rates when inflationary pressures are building and all indicators are on the up. They had the luxury of an IR cut when the arse fell out of iron ore/GDP in 2014/15 and they could claim that it was part of stimulus. Sure they will complain about the dollar but so what. If we go back to high iron ore/high dollar, RBA will just do nothing.
When they raise interest rates all our housing markets will be increasing in price. They will raise to cool the market.

If IO maintains these gains then Australia is gonna make some good money this year and all you bears will be weeping and wailing over bypassing one of the best times to buy and pay down a home in decades.
Andrew Judd
9 Mar 2016, 04:54 PM
<br /><br />Inflation pressures building??
What happened to deflation?
Edited by skamy, 10 Mar 2016, 12:54 AM.
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.
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Iron ore tumbles 8.8pc on supply reality check

Quote:
 
Iron ore dropped on Wednesday, eroding Monday's record surge, amid a revival in concern that global supply is outpacing demand.

The global iron ore market remains grossly oversupplied, demand in China is faltering and there's a severe glut of steel, according to Li Xinchuang, deputy secretary-general of the China Iron & Steel Association. Li, whose group represents the top mills in the country that makes half of the world's steel, said that the recent gains probably won't last.

This week's gyrations had been driven by shifts in futures in China, according to Lourenco Goncalves, chief executive officer of Cliffs Natural Resources, the largest US producer. The price is controlled by the futures market and by speculation on the Dalian exchange, Goncalves said in an interview.
"It has no correlation at this point with the physical market," said Goncalves, whose company also has mines in Australia that ship output to customers in Asia. On Monday, "money poured into the market and that was it" as investors reacted to the comments from Premier Li Keqiang at the weekend, Goncalves said.


Wow nearly a 9% sell off in one day!

What happened to the mining recovery?

Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


Simon_S
10 Mar 2016, 06:19 AM
Iron ore tumbles 8.8pc on supply reality check




Wow nearly a 9% sell off in one day!

What happened to the mining recovery?
It didn't erode the gains. The price of iron ore is still $58USD and the $AUD is gaining strength at $0.75USD.

Do the Maths.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
Rastus2
Member Avatar


Rufus
10 Mar 2016, 09:00 AM
It didn't erode the gains. The price of iron ore is still $58USD and the $AUD is gaining strength at $0.75USD.

Do the Maths.

yes, lets just take a bigger timeframe view

https://www.quandl.com/data/ODA/PIORECR_USD-Iron-Ore-Price
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
Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


Rastus2
10 Mar 2016, 10:47 AM

yes, lets just take a bigger timeframe view

https://www.quandl.com/data/ODA/PIORECR_USD-Iron-Ore-Price
It would be better if your chart wasn't two weeks out of date and included the movement that we are now discussing.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Simon_S
10 Mar 2016, 06:19 AM


Wow nearly a 9% sell off in one day!

What happened to the mining recovery?
As usual the bears only want to take notice of negative movements, reading one page of the ledger.

So so blind.
Rastus2
10 Mar 2016, 10:47 AM

yes, lets just take a bigger timeframe view

https://www.quandl.com/data/ODA/PIORECR_USD-Iron-Ore-Price
Precisely, although you've attempted to cherry pick as usual, your chart shows that prices crashed from $190/tonne to $38/tonne.

And no housing crash, a tiny blip in Perth is all it generated. So what do you think is going to happen when prices rise. The pressure all upwards on commodities lately.
Edited by Trollie, 10 Mar 2016, 11:15 AM.
Profile "REPLY WITH QUOTE" Go to top
 
skamy
Member Avatar


Trollie
10 Mar 2016, 11:12 AM
As usual the bears only want to take notice of negative movements, reading one page of the ledger.

So so blind.

Precisely, although you've attempted to cherry pick as usual, your chart shows that prices crashed from $190/tonne to $38/tonne.

And no housing crash, a tiny blip in Perth is all it generated. So what do you think is going to happen when prices rise. The pressure all upwards on commodities lately.
Rastus is actually aware of what is coming down the track I believe.



Edited by skamy, 10 Mar 2016, 11:19 AM.
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.
Profile "REPLY WITH QUOTE" Go to top
 
2 users reading this topic (2 Guests and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Enjoy forums? Start your own community for free.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 2
  • 10



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy