Joined: 02/Sep/2006
Location: India
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Posts: 9319
Posted: 10/Oct/2008 at 11:51am
These past few days a lot of Mungerilals have made huge losses in Silver & Gold due to extrememly high volatility. They play on MCX by paying only 5% margin so a 5% move against your position wipes out the capital.
Life can only be understood backwards—but it must be lived forwards
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
Posted: 11/Oct/2008 at 4:49pm
Originally posted by tigershark
we will soon be in a situation where one can come to goa and take as much iron ore you want for free nobody wants it any more
That's scary....so many people are dependant on it. One positive thing is parts of Bicholim, Sanguem, Sattari et al would have less pollution now. And hopefully those roads would become motorable.
Life can only be understood backwards—but it must be lived forwards
Joined: 13/Oct/2006
Location: India
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Posts: 3542
Posted: 12/Oct/2008 at 1:03pm
yes you r right.large amount of trucks, loaders, poklins etc wer bought in 2007 that also on finance.many people who were not in minig business had also joined the party. for the greens it is a temporary victory
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
Posted: 12/Oct/2008 at 3:41pm
Originally posted by paragdesai
Originally posted by tigershark
we will soon be in a situation where one can come to goa and take as much iron ore you want for free nobody wants it any more
Sir,
Are you joking or serious?
Than what is the future of sesa goa?
i am not joking iron exports from goa have been hit badly almost 50% down.china is buying but now it wants mainly high grade ore most of sesa exports were low grade, the spot mkt for ore is dead so be careful before jumping into sesa even if the pe is 2!
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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