“Metals Traders On Red Alert” – Chinese Commodity Bubble 2.0 Just Imploded

But now, Chinese housing is at record highs, Chinese stocks are falling, Chinese bonds are falling, and Chinese commodities are tumbling… the only thing with momentum for the hot money to chase in the currency… and we suspect (by recent liquidity withdrawals) that The PBOC has had enough of that.

“The massive and unprecedented surge in Chinese trading volume in base metals over the past month — but especially since the election — has put LME metals traders on red alert,” Tai Wong, director of commodity products trading at BMO Capital Markets in New York.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s