$150 billion worth of commodities stocks sell off indicates the market doesn't agree with your reasoning.
Commodity prices will fall faster than the Aud and any profits will be wiped out for mid cap producers.
FMG will go down in history as the biggest rise and fall of a commodity stock. It will not be able to compete.
So for some reason you think you can get the Aud down before its too late?
You already concede there will be a point of failure. Interesting contradiction.
The reserve bank has no power to control commodity prices falling below marginal cost even with an exchange of .70usd therefore you economic theory is false.
Your reasoning is totally against the movement of the market.
Where did you go to school and where did you study economics?
AGO Price at posting:
15.0¢ Sentiment: Sell Disclosure: Not Held
BCI Price at posting:
50.0¢ Sentiment: Sell Disclosure: Not Held
FMG Price at posting:
$2.58 Sentiment: Sell Disclosure: Not Held
GRR Price at posting:
10.0¢ Sentiment: Sell Disclosure: Not Held
MGX Price at posting:
24.5¢ Sentiment: Sell Disclosure: Not Held
AJM Price at posting:
5.1¢ Sentiment: Sell Disclosure: Not Held
RIO Price at posting:
$56.05 Sentiment: Hold Disclosure: Not Held
BHP Price at posting:
$28.81 Sentiment: Hold Disclosure: Held
