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Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?

To: schzammm who wrote (1223)	6/7/2005 5:21:24 PM
From: Stephen O	Read Replies (1) \| Respond to of 2131

I didn't check the date of when that article was written. Here's another snippet from Bloomberg that's more relevant , I think. Peru April Copper Output Falls for Third Month, Ministry Says 2005-06-06 14:28 (New York) By Alex Emery June 6 (Bloomberg) -- Peru's copper production fell for the third month as output dropped at the country's four largest mines, the Energy and Mines Ministry said. Copper output fell 10 percent to 79,623 tons in April compared with the same month a year earlier, the ministry said in an e-mailed statement. Gold production fell 2.1 percent to a four- month low of 13,977 kilograms as output dropped at Barrick Gold Corp's Pierina, Peru's second-largest gold mine, the statement said. Silver production fell 0.8 percent to 262,017 kilograms, tin output rose 1.8 percent to 3,310 to tons and zinc rose 2.1 percent to 106,940 tons. --Editor: Jameson.

To: schzammm who wrote (1223)	6/8/2005 5:00:48 PM
From: russwinter	Read Replies (4) \| Respond to of 2131

These mystery hoard stories have been around for over a year, and all I can say is they must be locked up tight, because nothing much seems to show up on the market. The purveyors of this hoarding garbage never seem to have any particulars either, it's just all so "mysterious". Is it a big holder, a group, and bunch of small guys? And even if there were some extra non-warehouse inventories around of that size, why would someone with that kind of long corner on the market, wait patiently until there was 58,678 MT left on LME and Comex, and then suddenly panic and dump now, right before "an event". Makes no sense. As far as China goes, they better cool that economy off to 0% GDP and quick, to reset the supply-demand equilibrium on items like copper and nickel, and probably a lot more.