| Apparently, the exuberance in commodities markets that has taken gold 25 per cent higher, zinc 20 per cent higher and copper eight per cent higher since the beginning of 2016 was due to a defect in Chinese regulation. It’s now been fixed, which is why the massive correction in commodity prices happened yesterday, Bloomberg News reported Monday.
“Rarely has a mania escalated so rapidly, and spurred such fevered trading, as the great China commodities boom of 2016. Over the span of just two wild months, daily turnover on the nation’s futures markets has jumped by the equivalent of $183 billion, outpacing the headiest days of last year’s Chinese stock bubble and making volumes on the Nasdaq exchange in 2000 look tame,” says Bloomberg News...............................................Full Article: Source
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