OTCPK:CPPMF - Post by User
Comment by
Rational43on Oct 21, 2021 1:12pm
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Post# 34033434
RE:Nasty Day
RE:Nasty DayLME changing the rules and China Jawboning.
Reminds me of 2008 when they kept trying to change the rules to keep financial institutions propped up. It would last about a day or two, before the plunge continued.
This is the opposite, China releases reserves, LME changes rules, lasts a few days, than prices continue their inexorable rise up.
The biggest difference is you can print money, you can change accounting Mark to Market rules, but you can't create copper out of nothing, and you can't transmit electricity virtually.