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


To: Cogito Ergo Sum who wrote (9771)3/9/2004 7:15:30 AM
From: russwinter  Respond to of 110194
 
Despite the "commodity correction" (remember there are large spec positions) of the last few days, and the talk about "China slowing down" and blah blah "steps being taken",
story.news.yahoo.com

the train is still running down the track completely out of control. Absolutely no cooling in the shipping index:
quote.bloomberg.com

or in Dr. Copper, as combined LME and Comex inventories are now below 500,000 (499,957). The average daily copper drawdown over the last eight days is a very robust 4,523, not even a small down tick. Copper is just a week or two away from severe rationing, and a month away from the march off the cliff.