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Those Bloody Doomsters Again
Topic Started: 10 Jan 2017, 03:22 AM (847 Views)
Terry
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In a closely watched release, Australia's Department of Industry, Innovation and Science on Monday predicted iron ore to average just $51.60 a tonne this year, easing further to $46.70 in 2018.

The 2017 forecast was still up from its previous estimate of $44.10, reflecting last year's rally, and broadly in line with major banks on doubts that China's industrial growth will continue to support 1 billion tonnes of annual iron ore imports.

http://www.reuters.com/article/us-australia-resources-forecast-idUSKBN14S0W0
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Ex BP Golly
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A Poem by Gina Rinehart

"Our future"



Our Future

The globe is sadly groaning with debt, poverty and strife
And billions now are pleading to enjoy a better life
Their hope lies with resources buried deep within the earth
And the enterprise and capital which give each project worth
Is our future threatened with massive debts run up by political hacks
Who dig themselves out by unleashing rampant tax
The end result is sending Australian investment, growth and jobs offshore
This type of direction is harmful to our core
Some envious unthinking people have been conned
To think prosperity is created by waving a magic wand
Through such unfortunate ignorance, too much abuse is hurled
Against miners, workers and related industries who strive to build the world
Develop North Australia, embrace multiculturalism and welcome short term foreign workers to our shores
To benefit from the export of our minerals and ores
The world's poor need our resources: do not leave them to their fate
Our nation needs special economic zones and wiser government, before it is too late.
Edited by Ex BP Golly, 10 Jan 2017, 07:36 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Trollie
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Iron ore is back over $80
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Chris
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Trollie
11 Jan 2017, 04:59 PM
Iron ore is back over $80
Well, that's that then.

Idiot.
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Rastus2
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Trollie
11 Jan 2017, 04:59 PM
Iron ore is back over $80

and ?
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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Trollie
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Rastus2
11 Jan 2017, 06:43 PM

and ?
Just stating the facts
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Rastus2
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Trollie
11 Jan 2017, 07:38 PM
Just stating the facts
oh, ok.

Don't forget to let us know when it goes back under $80
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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Trollie
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Rastus2
11 Jan 2017, 07:43 PM
oh, ok.

Don't forget to let us know when it goes back under $80
Please check back hourly
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skamy
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Terry
10 Jan 2017, 03:22 AM
In a closely watched release, Australia's Department of Industry, Innovation and Science on Monday predicted iron ore to average just $51.60 a tonne this year, easing further to $46.70 in 2018.

The 2017 forecast was still up from its previous estimate of $44.10, reflecting last year's rally, and broadly in line with major banks on doubts that China's industrial growth will continue to support 1 billion tonnes of annual iron ore imports.

http://www.reuters.com/article/us-australia-resources-forecast-idUSKBN14S0W0
Whats the drama ? $51 a ton is a great price for most of our miners. Plus they have had a bit of a bonus with these current very profitable prices of $80. Volumes of exports are phenomenally good.

You are such a drama queen Terry. We will do very well indeed with these volumes and $51 a ton.

If these high prices prevail Australia is definitely headed to boomville.
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.
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Terry
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skamy
12 Jan 2017, 01:00 AM
Whats the drama ? $51 a ton is a great price for most of our miners. Plus they have had a bit of a bonus with these current very profitable prices of $80. Volumes of exports are phenomenally good.

You are such a drama queen Terry. We will do very well indeed with these volumes and $51 a ton.

If these high prices prevail Australia is definitely headed to boomville.
Sure Roddy. 51 is much better than say 30 or 40.
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