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Iron Ore busts through $90; $100 incoming, terrific news for the economy!
Topic Started: 14 Feb 2017, 10:03 AM (13,629 Views)
rusty
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Trollie
14 Feb 2017, 10:03 AM

oh, btw, Iron Ore busted through $90... on the way down this time however :lol
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Ex BP Golly
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Trollie
28 Feb 2017, 10:39 AM
Looks like 90 is the new 70. $92 monday
Nioce
Trollie
27 Feb 2017, 01:29 PM
Iron ore still holding on to $90/t<br /><br />Great economic news!
Those were the days.
Trollie
14 Feb 2017, 08:51 PM
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.
Such sweet memories.

I'm glad we had the opportunity to share them with you Trolley.
Edited by Ex BP Golly, 20 Apr 2017, 06:33 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Trollie
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rusty
20 Apr 2017, 06:25 PM

oh, btw, Iron Ore busted through $90... on the way down this time however :lol
Sure thing socky. So which one of the bears are you that got their cornhole busted talking up $20/t?
Ex BP Golly
20 Apr 2017, 06:29 PM
Nioce

Those were the days.

Such sweet memories.

I'm glad we had the opportunity to share them with you Trolley.
Shall we revisit some of your crash predictions from 2011?

Didn't think so
Edited by Trollie, 20 Apr 2017, 07:53 PM.
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Ex BP Golly
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Trollie
20 Apr 2017, 07:53 PM
Sure thing socky. So which one of the bears are you that got their cornhole busted talking up $20/t?

Shall we revisit some of your crash predictions from 2011?

Didn't think so
Please do.

What was it I said, "with an overshoot Sydney could decline as much as 80%".

WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Chris
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Ex BP Golly
20 Apr 2017, 10:35 PM
Please do.

What was it I said, "with an overshoot Sydney could decline as much as 80%".
Your right given any losses are compounded by the gains, 20% decline is greater than the 20% appreciation proceeding it.

The Trollie, Rufus, Rat, Shadow crowd cannot comprehend this.
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Rat
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Filthy Rodent

Ex BP Golly
20 Apr 2017, 10:35 PM
Please do.

What was it I said, "with an overshoot Sydney could decline as much as 80%".
So you reckon the Sydney median home could drop to $170K?

LOL, that wouldn't even cover the construction materials for a median home, never mind land, labour and services.

Good luck with your fantasy! :lol
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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Ex BP Golly
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Rat
20 Apr 2017, 11:07 PM
So you reckon the Sydney median home could drop to $170K?

LOL, that wouldn't even cover the construction materials for a median home, never mind land, labour and services.

Good luck with your fantasy! :lol
Nope, I don't believe that anymore.

Given growth since then I think it it's more like 55% to 65% drop now.








WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Trollie
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Chris
20 Apr 2017, 10:51 PM
Your right given any losses are compounded by the gains, 20% decline is greater than the 20% appreciation proceeding it.

The Trollie, Rufus, Rat, Shadow crowd cannot comprehend this.
You sit there with your dick in your hand while prices rise 50%, but claim we are the ones with a comprehension problem.

yeah right :wak:
Ex BP Golly
21 Apr 2017, 01:01 AM
Nope, I don't believe that anymore.

Given growth since then I think it it's more like 55% to 65% drop now.







No one is shocked a bear yet again changes his prediction after it fails again. Go for it golly, you'll have another 10000 chances.
Edited by Trollie, 21 Apr 2017, 11:05 AM.
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Ex BP Golly
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Trollie
21 Apr 2017, 11:04 AM
You sit there with your dick in your hand while prices rise 50%, but claim we are the ones with a comprehension problem.

yeah right :wak:

No one is shocked a bear yet again changes his prediction after it fails again. Go for it golly, you'll have another 10000 chances.
It's all good trolley.
Sydney is, as Moody's points out 13x income.

That requires a massive drop to revert to fair value.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Trollie
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Ex BP Golly
21 Apr 2017, 11:41 AM
It's all good trolley.
Sydney is, as Moody's points out 13x income.

That requires a massive drop to revert to fair value.
Who decides fair value?
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