“Metals prices have reached levels that are demonstrably forcing involuntary production cuts and fresh demand. Against one-sided sentiment and following 15 months of destocking, Chinese buyers are going to realize very soon this is the opportune moment to back up the truck and to restock supply channels where China is import dependent. A surge in Chinese buying of a metal at a lower price has already been observed in gold. We expect renewed vigor in imports of copper and oil. It is quite obvious what the Chinese should do here in physical markets, in pursuit of China’s long-run economic and social self-interest.”
Related posts:
Manic Miners: Ten Bitcoin generating machines
TSA Can Now Refuse Travelers Who Opt Out Of Airport Body Scanners
7 Homeschool Children Taken Away For Unapproved Supplement
Canada will tax your bitcoins
TSA-Type Drama at U.S. Open
Glenn Greenwald: Bradley Manning: the face of heroism
Bitcoin: A Buy, or Bypass?
Florida County Moves To Shut Down Red Light Cameras With Public Vote
Some Central Banks Bought Gold; Others Sold
Outside White House, 'Syrian American Forum' Protesting US Strike
'Fake' Reform: Little to Celebrate as USA Freedom Act Passes House
How Edward Snowden and others can avoid $450 U.S. citizenship renunciation fee
U.S. Border Patrol Guns Down Fleeing Marijuana Smuggler
NJ Man Arrested After Purchasing Multiple Gift Cards From CVS
Syria’s Game of Thrones: Obama backs Al Qaida and the Chechen terrorists