29.02.2016 - China’s commodities timebomb is cause to reach for the valium
What can you make of a week where, on one day, stocks go like a rocket but metals fall badly and, the next day, the Dow retreats but metals are up? Or a week in which, on the day the Shanghai G20 meeting kicks off, Shanghai stocks give up 6.4 per cent (with many stocks falling the maximum permitted 10 per cent)? What to make of Goldman Sachs remaining bearish on gold but Deutsche Bank recommending buying physical metal as ­“insurance”. And why is China Steel hiking prices by 3.1 per cent when the country’s steel mills are running at about 70 per cent capacity?..............................................Full Article: Source
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