Fund My Mutual Fund: Trader Who Called 1996 Crash in Copper Says …
When China wants copper – prices sing up. When China wants (insert commodity of your choice) – price of ABC surges. So does that signal anything about the health of the world markets? No, it just says China wants to buy this week, or month. …. “People who have nothing at all to do with the copper trade have been buying copper as a store of value, much like they would with gold,” said Jiang Mingjun, an analyst at Shanghai Oriental Futures Co. …
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