OTCPK:CPPMF - Post by User
Post by
downwithdotcom1on Nov 05, 2021 10:23am
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Post# 34091619
govt actions impacting commodity prices..
govt actions impacting commodity prices..Run-away commodity prices is causing CHINA to interfere with free market forces (just like they have always done with their currencies that made them so rich in the 1st place-but i digress))..Not to long ago it was NICKEL and now its COPPER where CHINA threatens/actually does release parts of their so called strategic reserves to lower prices BUT WHAT"s GOING ON BEHIND THE SCENES like this LME maneuver over inventories..who was behind that??? Another action is CHINA just tells state owned entities TO JUST STOP BUYING..like it did with coal and iron ore..good business?? hardly..but now the US and BIDEN joining in with threatening to release SPR reserves if OPEC doesn't lower prices...Point is, at these prices ie Cu such things as falling inventories are a double edged sword and could hurt as much as help far larger than any specific company action...dwdc