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Daily Iron Ore Price, Commodities and Precious Metals Update - November 2013
Topic Started: 4 Nov 2013, 01:05 PM (12,002 Views)
newjez
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Pig Iron
22 Nov 2013, 10:53 AM
clearly it is because non of your predictions of doom have happened yet.

you've been calling the end for how many years now?
Shall we call it a draw? So far at least - although the bearish argument is still strong. The thing you don't understand timmy, and possibly don't even care about, is that from my point of view, the price of the average Perth house has dropped by about 20 - 25% this year. It is possible that I can win and you don't lose.
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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Mike
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newjez
23 Nov 2013, 03:54 AM
Shall we call it a draw? So far at least - although the bearish argument is still strong. The thing you don't understand timmy, and possibly don't even care about, is that from my point of view, the price of the average Perth house has dropped by about 20 - 25% this year. It is possible that I can win and you don't lose.
You might be right, but that could also change over night with currency movement or if London house prices decrease.

I think the Australian dollar will strengthen against the pound much further over the next few years. You may have a brief period when tapering begins if the dollar drops much vs the pound but you would need to sell and lock in your gains at a precise time.

If Perth is so much cheaper for you, why not buy now. Most predictions see Perth rising in value between 10-20% over the next few years giving you a 40-45% gain if you buy now. You could wait for better time but that is pretty good return. Even a 25% return is great if what you say is true.
http://mike-globaleconomy.blogspot.com.au/
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Pig Iron
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Bogan scum

newjez
23 Nov 2013, 03:54 AM
Shall we call it a draw? So far at least - although the bearish argument is still strong. The thing you don't understand timmy, and possibly don't even care about, is that from my point of view, the price of the average Perth house has dropped by about 20 - 25% this year. It is possible that I can win and you don't lose.
due to exchange rate? fair call.
I am the love child of Tony Abbott and Pauline Hanson
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dave
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Mike
23 Nov 2013, 09:42 AM
Most predictions see Perth rising in value between 10-20% over the next few years giving you a 40-45% gain if you buy now.
LOL
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Perthite
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Interesting Timmy. Where is the work mate?

You said boom.
Edited by Perthite, 23 Nov 2013, 01:10 PM.
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Pig Iron
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Perthite
23 Nov 2013, 01:10 PM
Interesting Timmy. Where is the work mate?

You said boom.
fmg, rio tinto and bhp are all expanding their iron ore operations.

it's not rocket science to see it will expand the number of positions.
I am the love child of Tony Abbott and Pauline Hanson
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doubleview
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Pig Iron
23 Nov 2013, 03:21 PM
fmg, rio tinto and bhp are all expanding their iron ore operations.

it's not rocket science to see it will expand the number of positions.
Holy fuck your a fraud!

These comments demonstrate that u have no idea how mining and construction works!

I always had my doubts, for mine this confirms it!
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Pig Iron
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Bogan scum

doubleview
23 Nov 2013, 03:42 PM
Holy fuck your a fraud!

These comments demonstrate that u have no idea how mining and construction works!

I always had my doubts, for mine this confirms it!
your anger won't change the facts.

all 3 have announced or are expected to announce significant expansion projects.

if you have a way they can export 10's of millions of tonnes of ore without needing more people i suggest you give them a call, i'm sure they will care.
I am the love child of Tony Abbott and Pauline Hanson
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doubleview
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Pig Iron
23 Nov 2013, 04:09 PM
all 3 are expected to announce significant expansion projects.

links please!
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newjez
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Mike
23 Nov 2013, 09:42 AM
You might be right, but that could also change over night with currency movement or if London house prices decrease.

I think the Australian dollar will strengthen against the pound much further over the next few years. You may have a brief period when tapering begins if the dollar drops much vs the pound but you would need to sell and lock in your gains at a precise time.

If Perth is so much cheaper for you, why not buy now. Most predictions see Perth rising in value between 10-20% over the next few years giving you a 40-45% gain if you buy now. You could wait for better time but that is pretty good return. Even a 25% return is great if what you say is true.
Mike, you're not an idiot, and if I was going to subdivide a block and build units, you would be the first person I would come to. But global economics aren't your strong point. Stick to what you are good at.
dave
23 Nov 2013, 11:25 AM
LOL
I bet you are gutted about those us dollars Dave. ✅
Edited by newjez, 23 Nov 2013, 06:57 PM.
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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