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Iron Ore busts through $90; $100 incoming, terrific news for the economy!
Topic Started: 14 Feb 2017, 10:03 AM (13,649 Views)
Terry
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newjez
14 Feb 2017, 03:01 PM
Has the Chinese stock market ended?
The top 50 index by capitalization on the Shanghai exchange has been relatively mute recently.

However,

Up about 33% in P6M (I should get a cheer from the rods and gloves for this observation).

Up about 98% since 2012 (even bigger cheer from the rods and gloves)

Down approx 69% since its peak in 2007.
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Trollie
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Anyway back to the topic at hand which roddy is attempting to derail - Iron ore going bang busters.

Steel mills are cashed up and after high grade ore

http://www.afr.com/business/mining/iron-ore/cashedup-chinese-steel-mills-chase-highquality-iron-ore-20170214-gucr7z

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Terry
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Trollie
14 Feb 2017, 06:09 PM
Anyway back to the topic at hand which roddy is attempting to derail - Iron ore going bang busters.

Steel mills are cashed up and after high grade ore

http://www.afr.com/business/mining/iron-ore/cashedup-chinese-steel-mills-chase-highquality-iron-ore-20170214-gucr7z

Just answering the gentleman's questions Roddy. It's not all about the puppeteer.
Nippon Steel & Sumitomo Metal Corp up 28% in P6M (big cheer from the puppets)

About 76% down from its peak in 2007 (similar peak was seen in 1989 at peak of the bubble).
Edited by Terry, 14 Feb 2017, 06:36 PM.
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Khaderbhai
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Wealthy Suburbanite

That's AUD$120 now. The boom is back.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Trollie
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Khaderbhai
14 Feb 2017, 08:42 PM
That's AUD$120 now. The boom is back.
Iron ore and AUD have diverged, it's turning into a perfect storm for a boom.

Housing boom in the east, low dollar for tourism in the north and high commodities prices in the west along with a prolonged period of housing affordability.
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Terry
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Khaderbhai
14 Feb 2017, 08:42 PM
That's AUD$120 now. The boom is back.
If you say it's $120, then it's $120 mother cat. No different to moon / cream cheese.
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Jon Snow
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Khaderbhai
14 Feb 2017, 08:42 PM
That's AUD$120 now. The boom is back.
Oh, we are quoting in AUD now ... :lol
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Terry
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Jon Snow
14 Feb 2017, 09:46 PM
Oh, we are quoting in AUD now ... :lol
Actually $715....in Hong Kong
Edited by Terry, 14 Feb 2017, 09:52 PM.
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Jon Snow
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Terry
14 Feb 2017, 09:51 PM
Actually $715....in Hong Kong
$715 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

House prices to the moon! And beyond!
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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herbie
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Jon Snow
14 Feb 2017, 09:55 PM
$715 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

House prices to the moon! And beyond!
Well, as tha RBA makes a habit of announcin' regularly: " An appreciating exchange rate would complicate this adjustment."

For example: http://australianpropertyforum.com/topic/30061733/1/

As in FFS Sno Flake please stop talkin' shit - Like Sheesh, I just don't really expects nuthin' better of Catweazle 'n Simons 'n Chris - But at least wif you I'd held out half a hope ...
Edited by herbie, 14 Feb 2017, 10:04 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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