Hi Russ, <<China power shortage hits aluminium smelters>>
... this may in fact, in my book, by my read, be excellent news, because it says:
(a) the economic growth is real, as opposed to stat manipulation
(b) more investments into power generation is needed
(c) thus more cement, copper, workers, ... and, gad, aluminium
(d) and transportation to move everybody and everything around
(e) and factories to build the transporters
(f) and ...
... meaning, unlike iDotCom and eSlashNet type of bubble, this bubble has 'legs' based on 300 years of pent-up demand for real things requiring real workers to make, so that after an inevitable slowdown and cool-off, it will be off and up once more :0)
Therefore, my conclusion is, (a) buy the dips, (b) buy more on panic, and (c) buy much more on supposed collapse, for that ultimate recovery of the 21st century.
Chugs, Jay |
