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

To: Earlie who wrote (66051)	6/30/2009 4:22:40 PM
From: LoneClone	1 Recommendation Read Replies (2) \| Respond to of 78419

I believe the main reason for the current Chinese buying of commodities -- they have also recently announcing a tripling in size of their Strategic Petroleum Reserve -- is that they take the long view. If you look a decade or more out, copper at $1.30 OR $3 looks pretty cheap. No doubt the conversion of likely to lose its value $US into something more likely to retain its value is another driver. LC

To: Earlie who wrote (66051)	6/30/2009 8:55:55 PM
From: kayco	1 Recommendation Read Replies (1) \| Respond to of 78419

We all have China on the brain. Can they really have a central policy directing every thing or you have some aggressive people in gov offices with the freedom to speculate. The gov may be communists, but you have very brilliant people in the system who are doing exactly what Goldman Sachs people would do at their trading desks. Of course the overall policy is mercantilist but they can make mistakes. Remember the kid in Shanghai who caused a copper bubble. I wonder where he is. I read an article a couple of weeks ago where a ec prof at University in China said that gov was headed for disaster by so much gov stimulus. So interesting you have a prof in China saying this. The gov is afraid of problems they have to stimulate like crazy. The corruption is incredible. When gov bank lends money who knows where it goes. I heard or saw some thing that said China stock markets were driven by gov money. But China is huge and the Chinese people are so industrious it is hard to believe they will fail. But how can you run an economy with 1.3 billion people. Then you think of all the disasters for the last 60 years under the old way. Actually in a way, our system is on trial. It is the Harvard and London School of ec running the basic ec policy and if they fail the party can always blame us and our capitalistic ec ideas.