If only you could use your chart skills on the AUD gold chart instead of the iron ore chart... you might actually be right
Read everything you see explaining the price of gold and it is all fear related. When fear recedes gold will drop.
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.
Up 6% today after 3% yesterday - looks like there is some optimism out there.
Veritas and Jimbo go buy yourselves a home in this nice quiet market . If iron ore holds up at these prices or rises WA is soon gonna be booming. We just need a while to clear the listings by people withdrawing to wait for the good times or the beginning of the stampede.
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.
From the outside I wouldn't say it will boom, but a big crash? No f***en way. Jimbo's blown it for sure selling his house.
In my very long experience it is usually the way that 10 years of stagnation in a growing population market ends.
If both oil and IO rise then WA will be very well off indeed, all those billions of dollars of Capex spending could really end up bringing home the bacon don't ya think
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.
Up 6% today after 3% yesterday - looks like there is some optimism out there.
Veritas and Jimbo go buy yourselves a home in this nice quiet market . If iron ore holds up at these prices or rises WA is soon gonna be booming. We just need a while to clear the listings by people withdrawing to wait for the good times or the beginning of the stampede.
Can you clear this one up for me?
Is Perth a mining town?
Y/N
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
Up 6% today after 3% yesterday - looks like there is some optimism out there.
Veritas and Jimbo go buy yourselves a home in this nice quiet market . If iron ore holds up at these prices or rises WA is soon gonna be booming. We just need a while to clear the listings by people withdrawing to wait for the good times or the beginning of the stampede.
So having written a thousand posts saying that Perth will be largely unaffected by the mining downturn you are now saying that Perth will boom in the event of a mining upturn?
Which is it muppet?
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
I'm well aware the perma bears on here will simply howl about how the crash is now just "more" inevitable (how does something become "more inevitable" anyway?).
Then again, if they all capitulated who would I troll?
Veritas
18 Mar 2016, 08:14 PM
So having written a thousand posts saying that Perth will be largely unaffected by the mining downturn you are now saying that Perth will boom in the event of a mining upturn?<br /><br />Which is it muppet?
You and Jimbo joined at the scrotum or something? The slightest tug at it and you show up.
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