Surf - Happy New Year. I know Copper is a sore subject (aka Farmer !), but check out this marketwatch article.....it's all about China. I knew that ! I wonder if Farmer is short (again) ?
http://blogs.marketwatch.com/thetel...hina-goes-bust/
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Trade No. 1: Sell base metals and other commodities
Prices for base metals such as copper are likely to fall by as much as 50% in a worst-case scenario, while Brent crude oil would fall 30% to about $75 a barrel, according to SocGenâs Michael Haigh. He said there would be negative implications for all commodities, as China accounts for about 40% of global base-metal consumption, 23% of major agricultural crops, and 20% of non-renewable resources.
http://blogs.marketwatch.com/thetel...hina-goes-bust/
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Trade No. 1: Sell base metals and other commodities
Prices for base metals such as copper are likely to fall by as much as 50% in a worst-case scenario, while Brent crude oil would fall 30% to about $75 a barrel, according to SocGenâs Michael Haigh. He said there would be negative implications for all commodities, as China accounts for about 40% of global base-metal consumption, 23% of major agricultural crops, and 20% of non-renewable resources.
