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

To: koan who wrote (40639)	5/21/2007 7:44:25 PM
From: heinz44	Read Replies (1) \| Respond to of 78425

The USA has been doing that for eons

To: koan who wrote (40639)	5/21/2007 8:35:17 PM
From: LoneClone	Read Replies (1) \| Respond to of 78425

I am giving less and less credence to warehouse stocks these days. I'm pretty sure the LME is not crooked, but with more and more of the various metals coming into Chinese hands, which are notorious for the unreliablity of the statistics they report, how can you know how much zinc or copper is really out there in storage? LC

To: koan who wrote (40639)	5/22/2007 1:45:00 AM
From: marcos	Read Replies (1) \| Respond to of 78425

You have to wonder how many of these chinese 'hedge firms' like Red Kite for instance are maybe just divisions of the Red Army, which runs all kinds of businesses all over the country ... this makes their posted 'military budget' quite bogus, as they're operating some truly huge slush funds whose books are unlikely to be found on the internet ... LC has it, we won't know what is happening until after it has happened With zinc though, there just aren't any new big mines coming online, and old ones are having trouble or plain running out of ore ... the metal the chinese are importing is largely in the form of concentrate, more so than previously, this is one thing i read recently, and this allows them to show net exports of finished metal at times, while really far more zinc comes into the country than leaves ... they'll be doing this early-on sort of infrastructure building for quite a while, it's not late in their development cycle, and it's the kind of construction that takes lots of galvanised steel ... bridges and roads - culverts alone must take an enormous amount of zinc All my top zinc plays can do real fine at half the current price anyway, so not too worried about it long-term ... nice to get a tailwind once in a while though eh