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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (24263)11/3/2006 12:34:46 PM
From: RealMuLan  Respond to of 78421
 
People tend to compare the growth in China and India, methink there is a huge difference bet. the two.

India is a big booster in terms of gold price, but hardly a big booster for commodity price, except oil.

China's growth based on national saving and to certain degree, FDI.

India's growth based much more on debt. Their national debt is pretty high comparing to their total GDP.

A lot China's growth is in fixed asset, while a lot of Indian's growth is in financial/stock market....

>>Another unknown factor is the role of hedge funds in the metal markets. How are they affecting prices? Do you know. I don't.<<

Copper price went to all time high had a lot to do that stupid short position by China. Nickel price holding up well may also has a lot to do with a big short position by S. Korea (may have to deliver by the end of Nov. cannot remember very clearly)