Iron ore. Our own little meth addled commodity. You never know what it's going to do. The suburbanite used it as a rationale for their security in the national economy, before it went tits up. Now that it's behavior is unknown, you don't know if it's going to promise you the world or steal your laptop.
Iron ore. Our own little meth addled commodity. You never know what it's going to do. The suburbanite used it as a rationale for their security in the national economy, before it went tits up. Now that it's behavior is unknown, you don't know if it's going to promise you the world or steal your laptop.
Precisely what leads you to that conclusion?
Take risks - if you win you will become wealthy, if you lose you will become wise
Daily rises and falls in the iron ore prices in markets of this magnitude are maybe "normal" to the suburbanites. In the trading world, they're without precedent.
Daily rises and falls in the iron ore prices in markets of this magnitude are maybe "normal" to the suburbanites. In the trading world, they're without precedent.
we've had them for years now. They should be used to the volatility by now.
ask Simon_S he's always banging on about it.
Take risks - if you win you will become wealthy, if you lose you will become wise
we've had them for years now. They should be used to the volatility by now.
ask Simon_S he's always banging on about it.
That's what you would like to think. You need to look at the Platts daily prices as long as far back as you want. The past week has the widest variance in market history.
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.
cherry pick ?
perhaps you can pull a less cherry picked chart out of the air then shopping trollie....
waiting...
skamy
10 Mar 2016, 11:18 AM
Rastus is actually aware of what is coming down the track I believe.
I have not been particularly bearish on perth for a little while now (as you know).
My timeframe is a little longer than yours for an expected boom there however... give it a year.
perhaps you can pull a less cherry picked chart out of the air then shopping trollie....
waiting...
I have not been particularly bearish on perth for a little while now (as you know).
My timeframe is a little longer than yours for an expected boom there however... give it a year.
I do not have a timeframe - it will take time to clear the backlog - but the best buying is passing as sellers are no longer thinking that they will get worse prices by waiting.
I too suspect in a year it will be a completely different market.
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.
Yes that's what it's called when you deliberately choose a specific time frame without including the latest data to make it look like you are more correct.
I do not have a timeframe - it will take time to clear the backlog - but the best buying is passing as sellers are no longer thinking that they will get worse prices by waiting.
I too suspect in a year it will be a completely different market.
You don't have a timeframe, but it's a year???
Ha, joke is, you could be right.
Careful what you wish for.
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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