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
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