This article from Bloomberg....Another reason why us holders love the Chinese:
Asian Stocks, Copper Rally Before China PMI;
By Emma O’Brien and Adam Haigh [b]May 22, 2014 12:19 PM GMT+1000
Asian stocks extended gains, halting the longest slump in the regional index since January, as A CHINESE MANUFACTURING GAUGE ROSE TO A FIVE-MONTH HIGH. COPPER ADVANCED and Australia’s dollar strengthened.
The MSCI Asia Pacific Index added 0.9 percent by 11:08 a.m. in Tokyo, rising for the first time in five days as Chinese shares traded in Hong Kong climbed 1.3 percent and a rebound in iron-ore prices helped Australian stocks higher. Standard & Poor’s 500 Index futures gained 0.1 percent. Copper jumped 0.6 percent after falling yesterday and the Aussie reversed an earlier decline against the dollar. Bond risk in Asia fell to the lowest in a week.
China’s preliminary purchasing managers’ index from HSBC Holdings Plc and Markit Economics rose to 49.7 in May, exceeding forecasts in a Bloomberg News survey, suggesting that the economy is stabilizing after government moves to counter a slowdown....."
LME warehouse copper stock continue to drop like a brick...so down another 5700 tonne....now at just 180800 tonne. Shortages coming up??!!! but not at Cudeco....our trucks are still building the 12 stock piles at >400 monster truck loads / day!!!
Another day closer to pay day!!..Just for Holders
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