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  • #24,361
  • Oct 14, 2010 9:18am Oct 14, 2010 9:18am
y so bearish look? all looks well wat. 2 years HIGH is happening now. mayb d next thing u will see, d newspaper wrtie there. lol....
Swinger Club
  • #24,362
  • Oct 14, 2010 9:18am Oct 14, 2010 9:18am
Quoting Jazznos
That would be a big deal, great for tourists but not most businesses! Be pretty stunned if it happend but who the hell knows?

Anyway, got my 50 pips this morning so Im happy :-)
It would be horrible for tourism. Australian tourism is dogshit. Higher AUD just makes it even more expensive and less attractive.
  • #24,363
  • Oct 14, 2010 9:20am Oct 14, 2010 9:20am
Quoting TraderMood
October 13th, 2010, 8:25pm EST
The Chilean miners are out so I am going to give another shot and short this pair again. I just sold this at 0.996.
http://www.tradermood.com/image.axd?...0%2f10%2f1.png
My initial target is 0.95 and the stop-loss is 1.02.
http://www.tradermood.com/image.axd?...0%2f10%2f2.png
Interesting. Please explain the connection between the chilean miners and the Aud/usd pair.
  • #24,364
  • Oct 14, 2010 9:24am Oct 14, 2010 9:24am
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Red
  • #24,365
  • Oct 14, 2010 9:26am Oct 14, 2010 9:26am
Quoting damo
No, not biased. My work causes me travel to most towns (and one city ) in W.A.. The story is all the same. Mining will take off again, but this time the scene has changed, as per my previous post. I have my doubts that it will boom like it recently did. There are still massive amounts of people who were laid off during the GFC that are still unemployed (mostly contractors).

Housing in mining towns should take off, only because things have slowed down in the city so builders are going to the regional jobs that were placed on the backburner several...
I don't know if that last part makes much sense. Housing will take off in ming towns? Just because the city is over-priced doesn't mean mining towns are going to boom. From what I understand mining town real estate only booms when the mine is doing well, then it crashes. So based on your previous comments I would think mining towns would be shit right now. And aside from the economics of mining no one in the city just ups and goes to the boondocks because their homes are too expensive, and there are usually far better places to live if you're sick of the city then a mining town, like all those little beach towns where you can get drunk and fish all day long.
  • #24,366
  • Oct 14, 2010 9:31am Oct 14, 2010 9:31am
Quoting lasty
http://www.news.com.au/business/brea...-1225938722390
Even the bank can't escape it. All those analysts in the CBD have to eat, and park, and pay rates, and all that stuff has gone through the roof over the last year. What I don't understand is, how all of these costs remained steady over the last several years, only to jump in one year's time while the globally many aren't doing very well.
  • #24,367
  • Oct 14, 2010 9:31am Oct 14, 2010 9:31am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting TheTopBloke
I don't know if that last part makes much sense. Housing will take off in ming towns? Just because the city is over-priced doesn't mean mining towns are going to boom. From what I understand mining town real estate only booms when the mine is doing well, then it crashes. So based on your previous comments I would think mining towns would be shit right now. And aside from the economics of mining no one in the city just ups and goes to the boondocks because their homes are too expensive, and there are usually far better places to live if you're sick...
I already stated why houses in regional areas will flourish. You didn't get it. And...you obviously don't live in WA. Our town/regional planning is very different from the East.
Trade what you see, not what you think.
  • #24,368
  • Oct 14, 2010 9:34am Oct 14, 2010 9:34am
Seems like we're on a down trend tonight... Based on what I observe, the market opening times for the US and Europe seems bearish... Please correct me if I'm wrong...
  • #24,369
  • Oct 14, 2010 9:39am Oct 14, 2010 9:39am
Quoting MarcVUM
Back in the States?
No, over in Australia. Not a fun place to be with 10% unemployment. California with 10% unemployment is much more fun.
  • #24,370
  • Oct 14, 2010 9:42am Oct 14, 2010 9:42am
Quoting damo
I already stated why houses in regional areas will flourish. You didn't get it. And...you obviously don't live in WA. Our town/regional planning is very different from the East.
I don't get it, please explain. All I know what I've always heard, and that is mining towns suck. No one wants to be there, in the middle of nowhere, when the mine shuts down, so that property take a big price hit.
  • #24,371
  • Oct 14, 2010 9:49am Oct 14, 2010 9:49am
Quoting TheTopBloke
No, over in Australia. Not a fun place to be with 10% unemployment. California with 10% unemployment is much more fun.
Let me know when you get back. If you visit FL shoot me over a PM.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #24,372
  • Oct 14, 2010 10:23am Oct 14, 2010 10:23am
what a trend huh? im afraid to buy, but more afraid to sell, not sure what to do
  • #24,373
  • Oct 14, 2010 10:32am Oct 14, 2010 10:32am
Quoting Phonetic
what a trend huh? im afraid to buy, but more afraid to sell, not sure what to do

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Red
  • #24,374
  • Oct 14, 2010 10:33am Oct 14, 2010 10:33am
Hi Phonetic. There's a channel to trade here.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #24,375
  • Oct 14, 2010 10:41am Oct 14, 2010 10:41am
Quoting TheTopBloke
$525k per year to weld. Oh yeah, that makes sense. No wonder the government has jacked everything up. Like I said before, inflation on many things went up 50% over a single year. The government there is just trying to suck up every dollar they can for themselves. There are far more people out there that don't make anywhere near this kind of money in Australia. No wonder they're such grumpy wankers!
This is absolutely absurd. I used to think that Australians were tough men but seems like they want to act that way but have work conditions like the Four Seasons Hotel. I'm from Louisiana and like most everyone you spend your summers if not a good part of your life on an oil rig. We would work 12 hour shifts sometimes 24 if the relief crew didn't show up.

$90 dollars a day because you had to share a bathroom? Are you fucking kidding me!! Like any real roughneck would tell you just get the paper and go behind the closest tree. We would sleep in our trucks wishing we had beds.

$60 dollars a day because you don't have your own room? Really?? Ever slept in the bed of a truck when its 90 degrees at nighttime tripping 16,000ft of drill string? At that point its not so much the bed but the noise....

$88 dollars a day remote area allowance?? You signed up to work on an oil rig not downtown!!!! They are usually out in the country. Idea, why doesn't Australia start drilling in their downtown so they can save the $88 per day per hand?. Oh wait, could it be potential blowouts!

$1000 a week for unique and special work requirements?? I can say this because I have put my fair share of pipe in the ground but generally you go into the oil field because you have no education. So why graduate high school or college at all? For $400,000 a year you'd have every college in Louisiana and Texas shut down because you could make more money throwing a spinning chain and running tongs that any doctor or lawyer.

I do apologize for the rant but this is absolutely ridiculous that production companies are willing to put up with this. I could put together 20 crews tonight with the best drillers, roughnecks, toolpushers, and hands Australia has ever seen. The driller would be happy with $40,000 toolpusher $50,000 and the hands would love to see $15 an hour.

Hell for that price they'd be happy to sleep in their trucks go to the bathroom outside and dont mind driving to the location if it means they have a job.

In Louisiana and Texas we do all this for $25,000 a year why can't Australia???
  • #24,376
  • Oct 14, 2010 10:45am Oct 14, 2010 10:45am
All say a very final good bye to aussie parity.

Anyone enjoying the anti-parity-party? Took shorts at .9985?

Hopefully.9825 today.

......sometimes in Dec '08 EUR/GBP parity was in sight we all knew what happened weeks latter!!!!!

Bear....bear...bears!
  • #24,377
  • Oct 14, 2010 10:56am Oct 14, 2010 10:56am
Quoting MarcVUM
Let me know when you get back. If you visit FL shoot me over a PM.
I'm in Cali now. Will do if I ever get down there. It's good to be back.
  • #24,378
  • Oct 14, 2010 10:59am Oct 14, 2010 10:59am
Quoting usapgapro
This is absolutely absurd....
Welcome to Australia. They have no idea how good they had it, only to fuck it up royally by electing a pack of clowns otherwise known as Labor. Everything changed after Rudd came in, and it's been getting worse and worse. They don't want to let anyone into the country because it would take away from the existing labor pool, so there is no competition, and hence, you get absurd pricing on everything. That's why I'm back in the USA.
  • #24,379
  • Oct 14, 2010 11:07am Oct 14, 2010 11:07am
Quoting usapgapro
This is absolutely absurd. I used to think that Australians were tough men but seems like they want to act that way but have work conditions like the Four Seasons Hotel. I'm from Louisiana and like most everyone you spend your summers if not a good part of your life on an oil rig. We would work 12 hour shifts sometimes 24 if the relief crew didn't show up.

$90 dollars a day because you had to share a bathroom? Are you fucking kidding me!! Like any real roughneck would tell you just get the paper and go behind the closest tree. We would sleep...
  • #24,380
  • Oct 14, 2010 2:39pm Oct 14, 2010 2:39pm
Quoting redsword11
Attachment



Red



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