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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Earlie who wrote (66034)6/30/2009 8:27:58 AM
From: kayco  Read Replies (1) of 78419
 
"BUT THERE ARE SOME CLOUDS OVER THE COMMODITY COMPLEX
With the U.S. still in recession, what has been fuelling the commodity markets have been the revival signs in China, and here, the news has become mixed from a commodity standpoint. We learned that Chinese imports of refined copper hit a record high in May for the fourth month in a row; but domestic supplies were actually put to work in terms of consumption at a much slower rate. In fact, the FT estimates that Chinese copper usage actually fell 3.5% in May even as imports surged 6% MoM (and 25.8% from a year ago). The same holds true for aluminum where consumption fell 1% in May."
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