Has anyone else read Jim Rogers book, Hot Commodities? He talked about when this would happen.
We have been here before, remember February 2004? China said that they were slowing down and the price took a hit. The LME stocks in 2004 were at around the same levels as now, but the copper price was around $1.50. On that example we could see more movement lower. In my opinion, I think this will become an excellent buying opportunity for the long term holders of mining and other commodity stocks. As BHP have said, it is a super cycle.
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