Very interesting suggestion below, I get a report from John Meyer in London each evening, he's leading analyst of SP Angel - Economics / Mining, he's very astute and always on the ball.
- Chinese funds seen manipulating copper prices lower_
Copper – Glencore reckon Chinese funds have orchestrated the collapse in copper prices
We reckon its not just a few hedge funds but also China Inc. which has effectively manipulated commodity prices lower through the generation of significant paper volumes of short-term supply into the market
Rio Tinto, BHP and Vale appear determined to beat China at its own game by overproducing iron ore till Chinese producers go bust on mass
Sadly a group of Chinese funds are playing a similar game in the paper market for copper
As they say in oil markets, the best cure for low oil prices is low oil prices! Same might apply to copper in time
SRQ Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
