raider
deja vu...... the is a carbon copy of what happened leading up to October last year in iron ore.
Price dropped to $78t driven by stockpiles back to $140t at rocket pace as buying recommenced.
The HC thread for FMG and iron ore back then is a replica for what you posted. (even the video link)
The Chinese housing bubble will not affect copper to any real degree, as the interviewer said in the link you posted
"The bubble is driven by high end speculation (2nd 3rd investment purchases) and the debt dynamics are different. It is not debt driven.
The new Chinese government has pledged to bring 300m rural workers to the cities.Buid millions of houses, thousands of cities etc etc
The China story has not changed. It is strong and it will grow as they bring 700m people into middle class.
There will be hiccups but thats all they will be.It is cyclical and this is why IMHO the fS / CR should be put on hold. This might unravel within 3 months and the glass will be half full again?
Cheers
MP
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