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


To: orkrious who wrote (12767)4/28/2004 12:58:39 PM
From: russwinter  Respond to of 110194
 
<The problem is demand; it doesn't get tamped by jawboning and it doesn't get clobbered by Chinese officials saying, "Hey, we want to cut back." >

Very good, astute remarks coming from James Cramer.

There is obviously a concerted effort from China (and the US) to try and get the big specs out at bargain prices, thus temporarily depressing prices. That way they don't have to take real measures. Instead they just paint some lip stick on whatever pig they call monetary policy.



To: orkrious who wrote (12767)4/28/2004 3:13:08 PM
From: Jim Willie CB  Respond to of 110194
 
China has long history of playing games with big markets
back in 1995 and 1996, I received an education
I watched what China did in the grains market
they would cancel a really big wheat order
that would take down the wheat price by 20-15%
over the course of several days, in fallout
they would make flimsy claims about mold rot or some such
two weeks later, they re-activated the same exact order
and saved many millions of dollars

they are savvy, and we underestimate them consistently
I expect they will soon cancel a copper order
then re-activate it only a few days later
/ jim



To: orkrious who wrote (12767)4/28/2004 3:13:08 PM
From: Jim Willie CB  Respond to of 110194
 
China has long history of playing games with big markets
back in 1995 and 1996, I received an education
I watched what China did in the grains market
they would cancel a really big wheat order
that would take down the wheat price by 20-15%
over the course of several days, in fallout
they would make flimsy claims about mold rot or some such
two weeks later, they re-activated the same exact order
and saved many millions of dollars

they are savvy, and we underestimate them consistently
I expect they will soon cancel a copper order
then re-activate it only a few days later
/ jim