golden
Junior Member
Posts: 399
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Post by golden on Jun 12, 2011 15:58:49 GMT 10
Queen’s Birthday Monday 13 June ALL except WA CLOSED No Settlement So that's how the market tanked ;D Take it easy out there guys  Attachments:
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ach
New Member
Posts: 29
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Post by ach on Jun 12, 2011 20:06:48 GMT 10
Thumbnails not showing again. This is happening way too often.  ach |
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ach
New Member
Posts: 29
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Post by ach on Jun 13, 2011 14:30:47 GMT 10
Thumbnails not showing again. This is happening way too often. ach Looks like it is ok now. ach |
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Post by fastoy on Jun 13, 2011 20:45:31 GMT 10
It looks doom and gloom took a good hold of market while I away. At least the financials and industrials. I pretty well gave up on just about everything except the miners months ago. With a few exceptions.
Spot iron ore prices have risen to $180 a metric ton, including the cost of freight, due to continued demand from Chinese steelmakers, Metal Bulletindata showed Monday.
I read as much as anyone about the disaster in the USA, but I can't help but think that if it was as bad as we're told, the Dow would be several thousand points lower. I'm anything but negative about commodoties and miners.
I hate being political here, but I have to say that I think our current Government is just plain ignorant and dumb. I left for Africa almost a month ago, and all we heard was 'carbon tax'. Now I'm back, and nothing has changed. Somebody should tell Julia and Wayne that Australia's total population is less than half of South Africa's, and we're really nowheresville in the world. For heaven's sake, wake up!
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Post by cyclops on Jun 14, 2011 0:22:08 GMT 10
I'm overweight Coal stocks at he moment, didn't really target them but bought them as they came up on my radar. The reason I'm overweight is because unlike other stocks they just haven't hit the stops I set.
I'm also overweight US health stocks, same reason.
My shorts on US homebuilding companies are still going well.
As for Coal, reports like this one come out every week.
More promising news on long term thermal coal prices, this time from Barry Fitzgerald's Garimpeiro today, where he writes that Citigroup recently increased its price forecasts for the March 2012-13 fiscal year to $US120 a tonne.
''This is on an expected rise in thermal coal's share of the electricity-generating capacity in Japan after the [Fukushima] nuclear crisis that hit the country,'' it said.
''But we also see the Chinese remaining significant importers due to the improving competitive position of imported coal versus domestic Chinese production.
''Indian imports will likely increase further and European demand is an upside risk [thanks to Germany's Fukushima's response].''
>>>I hate being political here, but I have to say that I think our current Government is just plain ignorant and dumb. I left for Africa almost a month ago, and all we heard was 'carbon tax'. Now I'm back, and nothing has changed. Somebody should tell Julia and Wayne that Australia's total population is less than half of South Africa's, and we're really nowheresville in the world. For heaven's sake, wake up!<<<
This really frustrates me as well .... I'm always banging on to my friends and anyone else who brings it up. Why with our small population and very small emissions released should we decide we will lead the world by imposing this stupid carbon tax. China releases more emissions in an hour than Australia does in a year. When the US china and India decide to do something about carbon then I don't have a problem with us following along.
The ash cloud we are hearing about all day today is releasing more carbon into the atmosphere than Australia will over fifty years. 10 million tonnes a day has been reported, don't know how accurate that is.
Going further off topic I saw a report that said scientists believe that volcanoes underneath Antarctica may be melting the continent’s ice sheets from below. I guess it's plusable.
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