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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: tyc:> who wrote (63907)	3/4/2009 10:33:00 AM
From: Valuepro	Read Replies (2) of 78419

Speaking of copper, base metals are up strongly this morning. Copper, which had fallen to $1.506 a couple of days ago, is $1.642 at this writing (+3.8% from yesterday), a new high since the November crash when the red metal hit $1.27, if memory serves In other examples, lead and zinc are each up 4.6 percent at the moment. What's behind this? China, of course, where the the Shanghai Composite closed up 6.12 percent. 1) The Purchasing Managers Index jumped for the third month in a row and now stands at 49 from a low in 38.8 in November. 50 is considered the dividing line between contraction and expansion. If this trend is sustained, China's economy will be in recovery mode this month. Further adding to the jubilation in Shanghai last night was/is strong speculation that Premier Wen Jiabao will tell of additional stimulus spending plans as he addresses parliament tonight. If China's economy can continue growing, it will in my opinion help lift the rest of the world to some degree, though I doubt a return to previous growth rates in the West will come anytime soon. VP in AZ

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