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Iron ore explodes, posting biggest ever one-day gain
Topic Started: 8 Mar 2016, 11:54 AM (9,127 Views)
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Trollie
10 Mar 2016, 08:04 PM
Futures went gang busters again, we won't know the outcome till monday but it would suggest another strong rally in iron ore.
Just like gold. Are you suggesting gold is as good a buy as iron ore.
I'll let you in on a little secret. It's the weakening in the US dollar that is causing it all. Not fundamentals.
Shhhhhh.
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Rastus2
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Trollie
11 Mar 2016, 01:01 PM
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.

Lesson over for the day.

So where, exactly, is the chart you wish to present that has a better timeframe ?

Go on smart arse... actually produce a chart that fits your time frame and shows mine is not valid or accept you should have stayed under your bridge.

Lesson is not over until you either teach me something, or you learn something... neither of which has happened.
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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Rastus2
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Rastus2
11 Mar 2016, 08:54 PM

So where, exactly, is the chart you wish to present that has a better timeframe ?

Go on smart arse... actually produce a chart that fits your time frame and shows mine is not valid or accept you should have stayed under your bridge.

Lesson is not over until you either teach me something, or you learn something... neither of which has happened.


Still waitjng for your better timeframe chart shopping trollie... come on, don't just hide under that bridge ... :D
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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createdby
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I like this theory that they're moving production forward to clear the skies in time for April 2016 International Horticultural Exposition in Tangshan. It's like when Spot for IO climbed from $100 to $200 from 2007 to 2008 to accelerate production a few months before August 2008 Beijing Olmpics (to clear the skies). After the Olympic event (and blue skies are not needed anymore for Chinese slaves :ni: ), it crashed back down to $50 in 2009.


http://www.bloomberg.com/news/articles/2016-03-08/there-s-a-theory-that-flower-power-helped-fuel-the-massive-rally-in-iron-ore
There's a Theory That Flower Power Helped Fuel the Massive Rally in Iron Ore
Supply-side cuts or horticultural expositions?
Luke Kawa LJKawa
March 8, 2016 — 11:49 PM AEDT

After iron ore enjoyed a ten-sigma spike on Monday, analysts are grasping at straws to explain the magnitude of this move:
Chinese policymakers' willingness to increase fiscal stimulus has been the most commonly cited cause of the jump, with plans to shutter steel and iron capacity supposedly enhancing the magnitude of the advance.

Jefferies, however, threw cold water on the notion that end-demand for steel—which counts iron ore as a key input—has been considerably buttressed amid this curious price action.
"We think this is mainly due to speculative demand," wrote Jefferies Analysts Po Wei and Howard Lau. "We think [the] recent reserve requirement ratio [cut will] allow the steel traders to lever up again, and the low traders’ inventory back in January have been the main causes of the hike."
Bank of America Merrill Lynch Strategist David Cui, meanwhile, warned that the supply-side measures would not be sufficient to tip the scales of the market back into balance.
"In general, we believe the capacity closure themes are over-played by the market," he wrote.
There's a wilder theory floating around in the Australian press and some Wall Street circles about why prices moved so far so fast, however.
Perhaps to understand this move, we need only stop and smell the roses.
The 2016 International Horticultural Exposition is slated to be held in Tangshan, which is located in China's steel-producing province of Hebei, from late April to October.
"There's one industry view flagging that a horticultural event in the big steel-producing industry of Hebei Province is seeking an industry shutdown for April-October (want nice blue skies)," wrote Morgan Stanley Analyst Tom Price. "Weird angle. If true, then ore demand's simply being pulled forward and steel mills of Hebei must be pretty confident that their product can be sold later in 2016 [plus] ore prices will fall over in May."
If so, this would be a particularly idiosyncratic explanation for iron ore's melt-up: that steelmakers are loading up on inputs to produce at full tilt right now before output is meaningfully curtailed to create a better environment for the millions of visitors who are expected to attend the flowery spectacle.
One caveat: coking coal, another input in the steelmaking process, hasn't enjoyed nearly as much of a rally as iron ore, which somewhat undermines the theory that mills are gorging on these raw materials to boost production at the present time.
This whole concept, as some have quipped, is quite literally blue-sky thinking. And it may well turn out to have been a pie-in-the-sky idea.
But the oddity of the rumor underscores just how uncommon Monday's move was, and just how difficult it is to find a well-fitting narrative.
Or perhaps the flower is indeed mightier than the forward curve.
Edited by createdby, 12 Mar 2016, 11:49 AM.
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Trollie
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Rastus2
12 Mar 2016, 11:02 AM


Still waitjng for your better timeframe chart shopping trollie... come on, don't just hide under that bridge ... :D
I told you the lesson is over. Time for you to do your own homework.
createdby
12 Mar 2016, 11:08 AM
some crazy shit
I think the iron ore rally has broken above sock.
Edited by Trollie, 12 Mar 2016, 12:29 PM.
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Rastus2
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Trollie
12 Mar 2016, 12:28 PM
I told you the lesson is over. Time for you to do your own homework.


The child does not get to dictate the end of the lesson.

Demonstrate you are not the child by posting a chart that proves my chart does not support my claim... what was your whinge .. Otherwise, get back in the corner, put your hat on and listen instead of interrupting you naughty little troll.


Posted Image
Trollie
Edited by Rastus2, 12 Mar 2016, 03:53 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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Rufus
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Trollie
12 Mar 2016, 12:28 PM
I think the iron ore rally has broken above sock.
You may be correct, I read this tweet about an hour ago -
Quote:
 

Wei Gu ‏@weigu · 1h1 hour ago

PBOC governor says China's imports of commodities have been increasing in volume terms. Export weakness has to do with lower commodity price


https://twitter.com/weigu/status/708498404763111424
Take risks - if you win you will become wealthy, if you lose you will become wise
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createdby
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Trollie
12 Mar 2016, 12:28 PM


I think the iron ore rally has broken above sock.
Too thick for words and sentences huh?

Well here's some sounds and moving pictures for you then stupid!


Bulls have been fooled by phony Chinese "growth" and "statistics". Again.

https://www.youtube.com/watch?v=aiLEGhPlJIs





Edited by createdby, 13 Mar 2016, 03:14 AM.
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newjez
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createdby
13 Mar 2016, 03:11 AM
Too thick for words and sentences huh?

Well here's some sounds and moving pictures for you then stupid!


Bulls have been fooled by phony Chinese "growth" and "statistics". Again.

https://www.youtube.com/watch?v=aiLEGhPlJIs




It's not rocket science. If a large government fixes the game to make one side win, you bet on that side, at least for a while. Why wouldn't you? You like losing money? Sure it'll all end in tears. That's when you short or sell. Buy till brexit.
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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createdby
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newjez
13 Mar 2016, 04:37 AM
It's not rocket science. If a large government fixes the game to make one side win, you bet on that side, at least for a while. Why wouldn't you? You like losing money? Sure it'll all end in tears. That's when you short or sell. Buy till brexit.
I can see your investment window is a few months. That's ok. And that Brexit is your big short. That's ok too.

I like to invest with a longer time frame. Less returns than day week month trading, but less risk as well.

Problem with your Brexit strategy is that there are too many black swans floating around. Shit could happen in between.
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