where do you guys see sport models price next week?

[thesharkfactor]

What's special about next week that you expect some movement?

[EEpro]

Originally Posted by thesharkfactor

What's special about next week that you expect some movement?

Watches and wonders in 2 weeks I assumed.

Up slightly.

[1William]

The same. After Watches and Wonders it will go up as many have been waiting to see what is going to be released and discontinued.

[10klakes]

With fuel prices on the rise, it’s conceivable that it will cost more for Rolex to ship the watches to ADs worldwide. How about the cost of the metals to make the watches? I think Rolex, just like any other business, is going to have to be nimble and adjust prices to keep up with cost of mfg. It’s hard to say when the price changes will happen, but once a year price increase isn’t fluid enough to respond to this economy.

[marc12]

50% chance

[Mendota]

Originally Posted by 10klakes

With fuel prices on the rise, it’s conceivable that it will cost more for Rolex to ship the watches to ADs worldwide. How about the cost of the metals to make the watches? I think Rolex, just like any other business, is going to have to be nimble and adjust prices to keep up with cost of mfg. It’s hard to say when the price changes will happen, but once a year price increase isn’t fluid enough to respond to this economy.

I don't think they are hurting for capital. Besides, oil prices are already 28% off their highs and still falling. Gas prices are sticky, though, hence the rockets and feathers analogy.

https://www.cnn.com/2022/03/16/busin...den/index.html

Some upcoming things that could potentially help to ease all of this.

1) Venezuela is working with the US govt to approve permits to increase their production by over 50% (+400,000bpd) on top of the ~755K bpd they produce.

2) OPEC+ has agreed to increase overall production by ~400,000 bpd which is only a drop in the bucket, but helps.

3) Meetings are underway in Vienna to renew the 2015 Iran Nuclear deal and finally lift the Iran sanctions to allow the Iranian oil to come back onto the market at full capacity. Iran said they can boost their output in 1-2 months and this would add an additional 1.4million bpd onto the already 2.1million bpd they currently produce under the sanctions.

4) The major Covid shutdowns all over China are also contributing to a short term decrease in demand over these next couple of weeks. Unknown impact on bpd demand numbers.

So if the planets come into alignment and these things all happen, that's an additional ~2.2million bpd that will be coming into a market that desperately wants it. Fingers crossed!

[10klakes]

Originally Posted by Mendota

I don't think they are hurting for capital.

While I’m sure this is true, businesses adjust prices when their cost of doing business changes. A quick look at the commodities market and the cost of material (platinum, stainless steel, and others) shows a sharp rise, and will continue to rise, if producing them, shipping them, or access to them, becomes more costly.

I’m not an economist, but I do have friends in the mfg industry that work with metals (fabricating), and there are sobering price hikes coming our way (globally). Rolex isn’t precluded, and their entire mfg process involves metals of all kinds.

[Mendota]

Originally Posted by 10klakes

While I’m sure this is true, businesses adjust prices when their cost of doing business changes. A quick look at the commodities market and the cost of material (platinum, stainless steel, and others) shows a sharp rise, and will continue to rise, if producing them, shipping them, or access to them, becomes more costly.

I’m not an economist, but I do have friends in the mfg industry that work with metals (fabricating), and there are sobering price hikes coming our way (globally). Rolex isn’t precluded, and their entire mfg process involves metals of all kinds.

I agree 100% and the shutdowns in China aren't going to help with that aspect, either, since some of the areas that closed down are big tech manufacturing areas. I am only looking at the potential for a little relief on the transportation side of the equation, but you are absolutely right. That's only one part of the big picture in this upside down world we are in right now. A client of mine arranges for shipping and freight forwarding for a lot of major companies with operations in China and the container costs have just been mind boggling.

[karleone]

Originally Posted by mjwalter80

By next week?

Green sub - 75k
Batman - 85k
Pepsi - 150k
Panda Daytona - 22.4M

This

[Xyza0722]

Originally Posted by jimcameron

close this thread.

+1

[Robf52]

Originally Posted by jimcameron

Close this thread.

This.

[Gab27]

I see secondary dealers trying to get as much as they possibly can get for the watches, which isn't drastically different from what is happening this week.

[Fedpete]

Originally Posted by Mendota

I don't think they are hurting for capital. Besides, oil prices are already 28% off their highs and still falling. Gas prices are sticky, though, hence the rockets and feathers analogy.

https://www.cnn.com/2022/03/16/busin...den/index.html

Some upcoming things that could potentially help to ease all of this.

1) Venezuela is working with the US govt to approve permits to increase their production by over 50% (+400,000bpd) on top of the ~755K bpd they produce.

2) OPEC+ has agreed to increase overall production by ~400,000 bpd which is only a drop in the bucket, but helps.

3) Meetings are underway in Vienna to renew the 2015 Iran Nuclear deal and finally lift the Iran sanctions to allow the Iranian oil to come back onto the market at full capacity. Iran said they can boost their output in 1-2 months and this would add an additional 1.4million bpd onto the already 2.1million bpd they currently produce under the sanctions.

4) The major Covid shutdowns all over China are also contributing to a short term decrease in demand over these next couple of weeks. Unknown impact on bpd demand numbers.

So if the planets come into alignment and these things all happen, that's an additional ~2.2million bpd that will be coming into a market that desperately wants it. Fingers crossed!

Lol. Wait for this idea guys, this is crazy but here me out. What if, stay with me here, what if we just decided to become the world’s greatest producer of energy and instead of begging oil cartels and dictators—stay on board here, we just tapped the trillions of barrels of oil right inside the US.


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[EEpro]

Originally Posted by Fedpete

Lol. Wait for this idea guys, this is crazy but here me out. What if, stay with me here, what if we just decided to become the world’s greatest producer of energy and instead of begging oil cartels and dictators—stay on board here, we just tapped the trillions of barrels of oil right inside the US.


Sent from my iPhone using Tapatalk

Sent from my iPhone using Tapatalk

[JimSnyder]

Unobtainable

[Mendota]

Originally Posted by Fedpete

Lol. Wait for this idea guys, this is crazy but here me out. What if, stay with me here, what if we just decided to become the world’s greatest producer of energy and instead of begging oil cartels and dictators—stay on board here, we just tapped the trillions of barrels of oil right inside the US.


Sent from my iPhone using Tapatalk

Right? Don't even get me started. Green technology is going to take decades. Decades. In the meantime we need to be pursuing that and supporting petroleum at the same time. As the third world industrializes and wants to join the middle class, that takes oil. We are cutting off our noses to spite our faces. Did you know that a lot of the backlash and propaganda being used against shale and nuclear has actually been funded by Russian companies? They want Americans to think it's dirty and unsafe so rather than drill our own or build clean nuclear, we would buy from overseas to keep it out of our backyards.

A good start would be stopping Biden's illegal termination of the drilling permits that were already issued for federal land. Hopefully the lawsuits will end well. Or how about not making it so difficult for the majors to issue corporate bonds? Or maybe stop trying to rob them of corporate profits so they can invest in upstream infrastructure. We need more refineries. Maybe right now we should stop those offshore filling stations in the Gulf that are literally filling up dozens of tankers daily to ship it overseas. We could use that.

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[JRell]

This thread has gone to a place of no return.

[Mendota]

Originally Posted by JRell

This thread has gone to a place of no return.

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[dlrolex]

I was here

[Al1969]

Originally Posted by Mendota

Right? Don't even get me started. Green technology is going to take decades. Decades. In the meantime we need to be pursuing that and supporting petroleum at the same time. As the third world industrializes and wants to join the middle class, that takes oil. We are cutting off our noses to spite our faces. Did you know that a lot of the backlash and propaganda being used against shale and nuclear has actually been funded by Russian companies? They want Americans to think it's dirty and unsafe so rather than drill our own or build clean nuclear, we would buy from overseas to keep it out of our backyards.

A good start would be stopping Biden's illegal termination of the drilling permits that were already issued for federal land. Hopefully the lawsuits will end well. Or how about not making it so difficult for the majors to issue corporate bonds? Or maybe stop trying to rob them of corporate profits so they can invest in upstream infrastructure. We need more refineries. Maybe right now we should stop those offshore filling stations in the Gulf that are literally filling up dozens of tankers daily to ship it overseas. We could use that.

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All by design. And don’t even get started on the southern invasion being ignored.

[JRell]

Please close this thread.

[mfserge]

Originally Posted by Fedpete

Lol. Wait for this idea guys, this is crazy but here me out. What if, stay with me here, what if we just decided to become the world’s greatest producer of energy and instead of begging oil cartels and dictators—stay on board here, we just tapped the trillions of barrels of oil right inside the US.


Sent from my iPhone using Tapatalk

I don’t need foreign oil, I have plenty of gas right here. I had chipolte for dinner.

[dlrolex]

Originally Posted by mfserge

I don’t need foreign oil, I have plenty of gas right here. I had chipolte for dinner.

No clue why you wear a rolex

I have an Apple Watch which is more accurate

[mfserge]

Originally Posted by dlrolex

No clue why you wear a rolex

I have an Apple Watch which is more accurate

Cool story bro.