A month ago I indicated in this article that China is massively buying copper. It seems that this trend hasn't stopped yet, and it won't stop anytime soon. The LME copper warehouse stocks level has been trending down since late last year (Chart 1), which incidentally coincided with China decreasing its margin requirements on banks, which I discussed in this article.
Today, China posted one of the largest deficits in their history, to see why this is, go to: China converting US treasuries into hard assets.
Posts tonen met het label US treasuries. Alle posts tonen
Posts tonen met het label US treasuries. Alle posts tonen
zaterdag 10 maart 2012
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