Chile Forum

by **Fugger** » Thu Feb 09, 2012 9:07 am

Chinese electricity consumption down 7.5% in January (because of Chinese New Year this needs careful interpretation, but it surely looks ugly).

http://www.macrobusiness.com.au/2012/02 ... whalloped/

by **Fugger** » Tue Feb 21, 2012 8:27 pm

A very bearish view on China and Copper. I don't agree but consider it important to know multiple opinions across the spectrum of views.

http://www.marketoracle.co.uk/Article33155.html

by **Fugger** » Thu Mar 01, 2012 12:26 pm

Summary from Opalesque: "While China’s manufacturers, which consume about 40% of the world’s copper, cut back output and brace for an economic slowdown, copper prices are soaring, because imports of the metal into China are on the rise. That metal is getting stuck in storage instead of being put to use, suggesting copper’s rally could run out of steam."

Original source WSJ:
http://online.wsj.com/article/SB1000142 ... nvesting_3

by **greg~judy** » Wed Apr 18, 2012 12:28 pm

Fugger wrote:...suggesting copper’s rally could run out of steam."

...and how this might affect the amur'k'n economy???
one of our favorite pundits offers the following take on the good dr.
http://www.321gold.com/editorials/thomson_s/thomson_s_041712.html

The weekly chart of copper looks like a train wreck waiting to happen.

...this chart “technically certifies” the superb fundamental analysis...
“Under current law, the US economy will experience a fiscal tightening of unprecedented magnitude at the end of this year.” If you like horror movies, you’ll love this copper chart. To view Dr. Copper’s horrifying forecast for the economy of America, (see here)

dr. copper 3yr..png (188.54 KiB) Viewed 76 times

That head and shoulders top pattern is ominous. Sadly, I think that for the intermediate term, Doctor Copper, both fundamentally and technically, is about to become Doctor Plopper.

other (historical) copper commentary can be seen here...
http://www.allchile.net/chileforum/topic5196-36.html

by **Andres** » Wed Apr 18, 2012 12:51 pm

yawn, based upon a longer-term chart:

by **eeuunikkeiexpat** » Wed Apr 18, 2012 1:30 pm

greg~judy wrote:http://www.321gold.com/editorials/thomson_s/thomson_s_041712.html
“Under current law, the US economy will experience a fiscal tightening of unprecedented magnitude at the end of this year.”