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Spin · 31-07-2008, 05:31 AM

Ok then, where we at? Commodoties had a better couple of days and they may have turned a corner FCX dragged 1000$ back in the right direction today.
The SKF position is now 400 shares, that means small moves make/lose plenty of money.
Any day now the US financial companies are gonna capitulate again. These too much bad news around for them to hold onto their recent gains.

Spin · 01-08-2008, 05:22 AM

No update today, not much change, The markets tanked, nothing new there though

01-08-2008, 05:44 AM

^Have you seen the articles on US recession on Bloomberg today?

I posted them on the oil thread and the US - strongest economy BS thread.

Spin · 01-08-2008, 05:59 AM

^ Yes, i also have the Bloomberg tv channel on in the background each day for about 8 hours. Its all starting to depress me, I might go to the beach for a week or two and get a tan. Oh forgot, I need to make some coin to do that

Spin · 02-08-2008, 12:35 AM

Ok BUY FCX 100 [at] 91.85

Spin · 04-08-2008, 10:07 PM

Buy another 100 FCX at 86.25$ Commodities are being crushed at the moment. The world isnt ending tomorrow but the way folks are selling off good companies in a panic you could be forgiven for thinking it was.

Spin · 04-08-2008, 10:10 PM

Ferts are beaten up again but I think I'll dip in at these prices.

BUY 100 POT 193.50$
BUY 100 MOS 117.80$

baldrick · 04-08-2008, 10:11 PM

^ they are only good companies if they have sales - valuing assets is a bit dodgy at the moment

Spin · 05-08-2008, 11:47 PM

^ POT and MOS pretty much sell all the fertilizer they can make these days. Very strong fundamentals but getting beaten up with the materials / commods sector at the moment.

BUY 100 POT 175.00$
BUY 100 MOS 108.76

Butterfly · 05-08-2008, 11:56 PM

and this is when diversification becomes handy

where are the graphs, Spin, I miss them

Spin · 06-08-2008, 02:46 AM

^ do you think commodities are entering bear market? Where do you see commodities in one year?

06-08-2008, 04:28 AM

Spin, I still believe in fundamentals.

Food is in shortage, caused by recent natural disasters and increased wealth in China to purchase.

Oil production shows no sign of increase from 2005 levels. The current economic collapse in US, followed at present by UK, Spain and Eire is simply negating this issue. The pervasiveness of the collapse will determine demand for the next 24-36 months. Make no mistake, once the Western economies recover, they will be competing with China for the remaining oil.

Gold is another story. The $20 decline today is possibly a reflection of the recent strengthening of the USD. If it is, I would agree it is unfounded.

dirtydog · 06-08-2008, 05:11 AM

I think spin is a foking bsatard, I was rich 5 pages ago, I think a new thread on how to torture soeone to death is coming....

06-08-2008, 05:43 AM

^^Oh and Germany joins the club:

FT.com / Europe / Brussels - GDP cut holds up German recovery

Quote:

Surprise 1% fall in German second-quarter GDP

By Bertrand Benoit in Berlin

Published: August 5 2008 12:37 | Last updated: August 5 2008 12:37

The German economy contracted by 1 per cent in the second quarter, twice as fast as economists were anticipating, government officials told the Financial Times on Tuesday.

The surprisingly bad quarter-on-quarter figure is the clearest sign to date that Germany’s robust recovery is coming to an end. It will add to recent doubts about the ability of Europe’s largest economy to withstand international economic turbulence, adverse currency movements, high commodity prices and a stubbornly weak consumption at home.
“The contraction will be in the order of magnitude of minus 1 per cent,” said a government official who declined to be identified. “Bear in mind, though, that this is partly a correction after the exceptionally good first quarter.”

The Federal Statistical Office, which will publish initial second-quarter gross domestic product figures on August 14, and the economics ministry, which compiles the government’s own growth estimates, both declined to comment.

Economists were surprised by the steep dive in output. Dirk Schumacher, at Goldman Sachs, who had forecast a 0.5 per cent contraction, said: “This would be surprising. This would show a disappointing underlying momentum… Germany is now showing signs of real weakness.”

Elga Bartsch, at Morgan Stanley, who was forecasting a 0.4 per cent fall in GDP, said: “I was expecting growth this year of 2.3 per cent. But if this [second-quarter figure] is confirmed, I will probably end up below 2 per cent.”

Surprisingly robust growth of 1.5 per cent in the first quarter, partly attributed to an unseasonally warm winter, had led analysts to anticipate a downwards correction in the three months to June, albeit of a smaller magnitude.

A partial consensus estimate on Monday by Reuters, based on a poll of seven analysts, showed average GDP expectations for the second quarter at minus 0.5 per cent.

But recent signs – including disappointing business confidence survey and, in May, the sharpest drop in industrial production in 10 years – have suggested that Germany’s two-year long recovery was losing steam fast.

The cancer is spreading...

nedwalk · 06-08-2008, 05:50 AM

any body interested in buying a miners lease?

Khun Custard · 06-08-2008, 09:27 AM

Quote:

Originally Posted by nedwalk

any body interested in buying a miners lease?

Back to the 80's eh Nedwalk - is your alias Danny Hill or Peter Briggs by any chance?

Bury it this weekend then go dig it up in a months time - the great Auzzie gold rush!

Sorry Spin, enjoying the thread, keep it up!!

Spin · 06-08-2008, 01:00 PM

Quote:

Originally Posted by dirtydog

I think a new thread on how to torture someone to death is coming

Too late mate, the markets have already got me nuts in a vice

Its gonna take a few months for things to turn around for this thread, probably only gonna do an update once or twice a week now......

Spin · 06-08-2008, 09:24 PM

Buy 100 Skf 114.98$

Butterfly · 06-08-2008, 10:53 PM

Quote:

Originally Posted by Spin

^ do you think commodities are entering bear market? Where do you see commodities in one year?

no idea really of what will happen to them,

all I know is they are entering into a serious correction, and rightly so, how big will it be ? no idea, my guess is good as yours

getting the right price is always difficult, always looks at PE and forecast PE to see if you are not taking a short bet

Butterfly · 06-08-2008, 10:56 PM

Quote:

Originally Posted by dirtydog

I think spin is a foking bsatard, I was rich 5 pages ago,

jail him and burn his house

the good news is that everyone is getting hammered these days,

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31-07-2008, 05:31 AM	#161 (permalink)
Spin Would ya? Join Date: Jul 2006 Posts: 10,333	Ok then, where we at? Commodoties had a better couple of days and they may have turned a corner FCX dragged 1000$ back in the right direction today. The SKF position is now 400 shares, that means small moves make/lose plenty of money. Any day now the US financial companies are gonna capitulate again. These too much bad news around for them to hold onto their recent gains.

01-08-2008, 05:22 AM	#162 (permalink)
Spin Would ya? Join Date: Jul 2006 Posts: 10,333	No update today, not much change, The markets tanked, nothing new there though

01-08-2008, 05:44 AM	#163 (permalink)
bkkandrew Guest Posts: n/a	^Have you seen the articles on US recession on Bloomberg today? I posted them on the oil thread and the US - strongest economy BS thread.

01-08-2008, 05:59 AM	#164 (permalink)
Spin Would ya? Join Date: Jul 2006 Posts: 10,333	^ Yes, i also have the Bloomberg tv channel on in the background each day for about 8 hours. Its all starting to depress me, I might go to the beach for a week or two and get a tan. Oh forgot, I need to make some coin to do that

02-08-2008, 12:35 AM	#165 (permalink)
Spin Would ya? Join Date: Jul 2006 Posts: 10,333	Ok BUY FCX 100 [at] 91.85

04-08-2008, 10:07 PM	#166 (permalink)
Spin Would ya? Join Date: Jul 2006 Posts: 10,333	Buy another 100 FCX at 86.25$ Commodities are being crushed at the moment. The world isnt ending tomorrow but the way folks are selling off good companies in a panic you could be forgiven for thinking it was.

04-08-2008, 10:10 PM	#167 (permalink)
Spin Would ya? Join Date: Jul 2006 Posts: 10,333	Ferts are beaten up again but I think I'll dip in at these prices. BUY 100 POT 193.50$ BUY 100 MOS 117.80$

04-08-2008, 10:11 PM	#168 (permalink)
baldrick BkkAndrw rapes passengers Last Online: Today 09:45 AM Join Date: Apr 2006 Location: Lord Black Adders gutter Posts: 4,994	^ they are only good companies if they have sales - valuing assets is a bit dodgy at the moment

05-08-2008, 11:47 PM	#169 (permalink)
Spin Would ya? Join Date: Jul 2006 Posts: 10,333	^ POT and MOS pretty much sell all the fertilizer they can make these days. Very strong fundamentals but getting beaten up with the materials / commods sector at the moment. BUY 100 POT 175.00$ BUY 100 MOS 108.76

05-08-2008, 11:56 PM	#170 (permalink)
Butterfly Suspended Member Join Date: Mar 2006 Posts: 16,897	and this is when diversification becomes handy where are the graphs, Spin, I miss them

06-08-2008, 02:46 AM	#171 (permalink)
Spin Would ya? Join Date: Jul 2006 Posts: 10,333	^ do you think commodities are entering bear market? Where do you see commodities in one year?

06-08-2008, 04:28 AM	#172 (permalink)
bkkandrew Guest Posts: n/a	Spin, I still believe in fundamentals. Food is in shortage, caused by recent natural disasters and increased wealth in China to purchase. Oil production shows no sign of increase from 2005 levels. The current economic collapse in US, followed at present by UK, Spain and Eire is simply negating this issue. The pervasiveness of the collapse will determine demand for the next 24-36 months. Make no mistake, once the Western economies recover, they will be competing with China for the remaining oil. Gold is another story. The $20 decline today is possibly a reflection of the recent strengthening of the USD. If it is, I would agree it is unfounded.

06-08-2008, 05:11 AM	#173 (permalink)
dirtydog The Dog Last Online: Today 11:46 AM Join Date: Jun 2005 Location: Pattaya Jomtien Posts: 42,360	I think spin is a foking bsatard, I was rich 5 pages ago, I think a new thread on how to torture soeone to death is coming....

06-08-2008, 05:50 AM	#175 (permalink)
nedwalk Thailand Forum Last Online: Today 10:22 AM Join Date: Aug 2007 Location: sunshine coast Posts: 3,882	any body interested in buying a miners lease?

06-08-2008, 09:24 PM	#178 (permalink)
Spin Would ya? Join Date: Jul 2006 Posts: 10,333	Buy 100 Skf 114.98$

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