"(SO WHY ARE THE CHINESE STOCKPILING NOW EVEN THOUGH THEY ARE TRYING TO SCREW PRICES DOWN ? WHEN U STOCKPILE A COMMODITY U TIE UP LARGE AMMOUNTS OF CAPITAL. DOES THIS MEAN THE CHINESE HAVE SO MUCH CAPITAL THAT TYING IT UP DOES NOT MATTER TO THEM? SINCE THEY ARE STOCKPILING NOW DO THEY THINK THAT THEY WILL NOT BE ABLE TO SCREW DOWN PRICES NOW OR LATER ?)"
Riddick,
I'll tell you why. It is because they know that they can't continuously keep and manipulate the price of iron ore indefinitely. The time will come that they will have to pay what they use to pay before, and possibly, even more, lol.
So, they take full advantage of the current downturn and stockpile as much as they can.
A bit like the shareholders who are accumulating shares when the sp retreat from it's highs. We accumulate at every opportunity too, and make hay when the sun shines.
Don't we??
We, (Australians), and our miners are the dumbs who give them free rains and let them do it.
Buddy
GBG Price at posting:
69.6¢ Sentiment: LT Buy Disclosure: Held
