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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (26734)2/18/2005 7:51:39 PM
From: orkrious  Read Replies (1) of 110194
 
FWIW, from Lance Lewis tonight

dailymarketsummary.com

For those that asked about copper’s new high yesterday, I’ve been hearing for several months now from extremely well informed people within the copper market that there is plenty of copper around but that several large hedge funds are taking delivery of metal and trying to squeeze it. Most people try and chalk it up to Chinese demand, but they would be wrong. “Chinese demand” seems to have become a scapegoat for all wild commodity price movement of late. The fact is that the Chinese economy continues to slow. In fact, just last night we learned that China’s January industrial production fell to its slowest pace in 3 years.
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