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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 (26743)	2/19/2005 8:40:21 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

Umh, perhaps flucht in die sachwerte (flight into real goods, get rid of Old Maid cards/USD) instead? February 17 – Bloomberg (Jennifer Itzenson and Claudia Carpenter): “Copper in New York surged to the highest price in almost 16 years on speculation that manufacturers in China are increasing purchases as the dollar falls. Copper, priced in dollars, rose 39 percent last year as demand surged in China, the U.S. and Japan, the top three users of the metal. Global demand has exceeded production from mines and scrap yards, eroding inventories monitored by the London Metal Exchange by 82 percent in the past year. ‘The Chinese have to buy because they need it,’ said David Threlkeld, president of Resolved Inc., a copper-trading company… ‘China needs to buy and they’re starting to come in the market. What happened last year, they essentially bought one year's consumption in three months. Now I think they’re coming back again.’”