RE: Copper - Good Read"With China, we have a new player on the market, one that absorbs a lot of copper.''
Try 1/3 of the worlds' copper consumption. 1/3 of the worlds' steel consumption. 1/2 of the worlds' concrete consumption.
Four or five years ago the US economy was all that mattered to the global economy. Tomorrow, next month, in a few years it will be all China (and its neighbours) that matters.
We are witnessing the dawn of the century of China.
Better send your kids off for Chinese lanuage lessons and forget that crap about them learning to speak French.
The generational bull market in commodities is still live and well even if it has to get back on its feet and dust itself off from time to time like its doing this summer after the orchestrated collapse of the markets by the worlds central banks to punish those nasty "little" hedge funds that drove commodities to nominal highs earlier this year in an effort IMHO to take some air out of uncomfortably rising producer input costs to help their manufacturing mogul buddies. Ok maybe that's not the whole reason for it but it could have been part of it. A friend of mine claims that the institutions invariably this time of year go long the commodity and short the stocks to take advantage and perhaps aid the typical seasonalities in the markets in recent market history.
BTW the prices of copper or W.H.Y doesn't matter a lick at the moment to MSQ unless they sell something like the Statlu which in mining terms could generate the soonest cash flow (apart from the sale of the Cariboo of course) in which case only the current price of aggregate would matter.