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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (9017)	3/1/2004 8:18:16 AM
From: russwinter	Read Replies (2) \| Respond to of 110194

If they wait longer on a re-peg the purchasing power of the RMB will be ravaged by inflation, once that happens, they wouldn't be able to re-peg higher even if they wanted too . On your rolling black out theory, that's not a policy, that's what's happening regardless. Their industries will be starved of input goods too, but again that's not a policy, that's reality and bankruptcy for those firms. Morning metals report, going to come up short of 850,000 MT of copper this year according to the Societe Generale analyst. If that's not a Train Wreck I don't know what is?: Copper Rises to an 8-Year High in London; Zinc at 3-Year Peak March 1 (Bloomberg) -- Copper rose to an eight-year high on the London Metal Exchange as inventories of the metal dwindle because of rising demand in the U.S. and China. Inventories in warehouses monitored by the LME, the Comex division of the New York Mercantile Exchange and the Shanghai Futures Exchange have fallen 22 percent this year to 634,615 metric tons. Demand may exceed production by 850,000 tons, said Stephen Briggs, an analyst at Societe Generale in London. ``The performance of copper highlights the impact that genuine physical tightness and growing shortages have on a market,'' said Jim Lennon and Adam Rowley, analysts at Macquarie Bank in London, in an e-mailed report. Copper for delivery in three months rose $43, or 1.5 percent, to $2,981 a ton at 8:53 a.m. The metal, used in water pipes and power cables, has risen 30 percent on the LME this year. Zinc rose $10 to a three-year high of $1,148. Prices may climb another 38 percent by 2008 as economic growth in the U.S., China and Europe drains stockpiles, said Pasminco Ltd., the world's biggest zinc miner, citing a forecast by metal analysts Brook Hunt and Associates Ltd. ``It's the classic supply-demand equation,'' Pasminco Chief Executive Greig Gailey said at an investor presentation. Aluminum rose $5.50 to $1,730, nickel gained $145 to $14,625, lead gained $16 to $906 and tin climbed $135 to $6,950.