Comments on: Base Metals Rally http://www.contrarianprofits.com/articles/base-metals-rally-2/9087 Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Tue, 18 May 2010 05:09:46 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: MurrayOverdrive http://www.contrarianprofits.com/articles/base-metals-rally-2/9087/comment-page-1#comment-7579 MurrayOverdrive Fri, 28 Nov 2008 11:58:17 +0000 http://www.contrarianprofits.com/?p=9087#comment-7579 Check out this article Elena: <a href="http://www.contrarianprofits.com/articles/the-baltic-dry-index-the-only-economic-indicator-worth-tracking-right-now/8453" target="_blank">The Baltic Dry Index: The Only Economic Indicator...</a> Check out this article Elena:

The Baltic Dry Index: The Only Economic Indicator…

]]> By: Elena Morozova http://www.contrarianprofits.com/articles/base-metals-rally-2/9087/comment-page-1#comment-7536 Elena Morozova Thu, 27 Nov 2008 12:08:54 +0000 http://www.contrarianprofits.com/?p=9087#comment-7536 I think the import statistics for China will be one of the most important indicators to keep an eye on going forward along with the Baltic Dry Index, a lead indicator of bulk dry shipping rates which has collapsed in recent weeks. With LME copper inventories as high as they have been since March 2004, clearly the argument is for there being an oversupply. But the $586 billion Chinese simulus package focused on infrastructure and housing will act as a locomotive to cause a destocking of copper inventories and then help re-establish the demand -supply equilibrium I think the import statistics for China will be one of the most important indicators to keep an eye on going forward along with the Baltic Dry Index, a lead indicator of bulk dry shipping rates which has collapsed in recent weeks.

With LME copper inventories as high as they have been since March 2004, clearly the argument is for there being an oversupply. But the $586 billion Chinese simulus package focused on infrastructure and housing will act as a locomotive to cause a destocking of copper inventories and then help re-establish the demand -supply equilibrium

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