sorry I don't understand.
is this sam guy saying that increased supply in the next few years will be minimal????
Australian Dollar
- Thread starter MTR
- Start date
sorry I don't understand.
is this sam guy saying that increased supply in the next few years will be minimal????
yeh
"While consumption will stay robust over the next several decades, supply continues to lag behind as competition for labour, energy and project financing increase, approval processes lengthen further and costs in remote areas continue to escalate.
The graph below shows just how wide the gulf is between plans and execution:
that might be well and true in regards to projected future supply and actual future supply.
There was a good copper article articulating the inaccuracy of projected against actual supply increases.
However this point relating to iron ore is based on degrees of increase.
There WILL be significant increases in supply, if you want to argue that it will be 50 instead of 65, who am I to argue on the actual increase, its that overall increase that concerns me, coupled with the FACT that iron ore is not 'rare' at all.
The other concern that I am worried about is the China factor.
Never in the history of mankind has a nation got to a 'global no.2' status in such record time.
Will China continue to need the raw material iron ore, to the same degree as in recent years?????
Sorry but I am very negative on iron ore in US$
The sliding dollar is good.
Makes our exports cheaper and puts more money into the economy.
Can only be good.
The higher dollar was only good for all our CUBs going to Bali and then coming back home and being able to fill up with fuel their 3 V8 utes parked in the driveway so they could go pick up the latest 98" plasma made in China.
I agree
I just transferred $10,000 from US bank account using Xe trade, incl fees will get $11,007, finally able to bring money back home.
I am actually very surprised that it is falling so rapidly, considering we were at $1.10 not so long ago, and I think you may be right.
It didn't make sense that the dollar was so high even when they were drastically cutting rates. We should have probably been where we are now 12 months ago...
With the dollar falling like this soon it's going to start having a big impact on inflation.
it does given our incredibly high interest rates. I think the recent falls are the market pricing in more cuts before they have even happened. for most people on here it's a 50/50 anyway - so ok the cost of living goes up dramatically however savings on mortgages should outweigh it
as long as bernanke is printing $85 BILLION per month to buy govt bonds with, he will continue to export his unemployment and inflation.
so you concur with my assessment?? in so far as excess supply of USD should force the price down?
His latest position is a $1.25b bet on the stock market (S&P 500) heading lower:
http://www.bullionbaron.com/2013/08/soros-fund-bets-on-lower-stock-market.html
would like to see him lose his shirt, when you get a player so big that the mere fact they are betting one way influences the market then it's a problem
I think you'll find they are or were, short puts not long.
