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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (55065)	5/21/2010 12:54:42 PM
From: architect*	Read Replies (1) \| Respond to of 207358

Copper futures are trading at a discount to Shanghai prices. some of price spike in copper is arbitrage from Chinese buyers and some is declining inventories relative to strong chinese imports, that a good price point for industrial importers to buy the product. Some of the year to year increases in Chinese imports of copper, or say car sales are mind boggling. In my mind, its hard to balance out the increasing growth in China and India and the decreasing growth from the PIGS (Portugal, Italy, Greece, Spain). businessweek.com Bloomberg also has an article on the high percentage increase in chinese imports of copper this spring. Bloomberg's press supports my theory that GDP grow in the emerging markets will fuel the next economic growth cycle. Doesn't the US still have 3.5% to + 3.9% 2010 US GDP growth projected? (I saw some numbers on) projections (recently revised down)for Germany 2010 GDP growth of + 1.2% to + 1.8%. The big GDP growth in 2010 is projected in the middle east with many Middle east countries projecting + 7% GDP growth in 2010, and far east China + 9%, India + 7%, and so on and many smaller countries in the far east at + 8%. Recently, IMO, the 2010 price increases for oil and copper result in part from growth in imports/ demand from emerging countries, China, India and so on. Don't quote me on the exact percentages, but; many global economies have 2010 GDP estimates for very high percentage growth in 2010 especially, when compared to the PIGS (Portugal, Italy, Greece, Spain). Same price arbitrage was/ is recently seen in Cushing crude oil WTI trading at a $6 / bbl discount relative to Brent oil.