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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (52620)	6/20/2006 1:21:34 AM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

1. China's export, thus trade surplus, has topped simply due to this model of growth has come to a dead end. 2. only <50% of China's foreign reserve is clown bucks. 3. The supply of slave labor in China is getting exhausted, some sweatshops already moving out to Vietnam or some other countries. and many more will follow. 4. As early as 2007, China will eliminate the preferential treatment to JV or foreign owned companies. 5. Both labor and raw material cost start to move up in China now, as well as export price. There are others, but it is getting late, I want to sleep now<g>

To: regli who wrote (52620)	6/20/2006 11:58:12 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Butler on Silver investmentrarities.com An email rebuttal from trotsky on Kitco. i've debated Butler endlessly on this in the past. what he overlooks is that many miners sell silver forward to the bullion banks. up to 10 years of forward sales exist out there. this is mainly by miners that have lots of by-product silver and want to have a fixed price for calculation purposes. iow, it is irrelevant to these positions how much silver there is in storage - the bullion banks use the COMEX contract to hedge away the the net long positions that they acquire as part of the forward sales deals with miners. that said, a part of the commercial position IS speculative in nature. i just don't think it is manipulative, except maybe in the very short term (short term market manipulation happens in ALL markets, not just silver). the large concentration ratio meanwhile is explained by the fact that there simply is only a handful of big bullion banks. many of the former players have chucked the business during the long bear market. IMO Trotsky has it correct and Butler is blowing smoke Mish