Article

2021-06-17 Economy

Copper hits 7-week low as funds, traders cut long positions

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Posted by Mullah Richard 2021-06-17 00:00|| || Front Page|| [7 views ] Top
File under: Commies

#1 The Chinese might also pump hard cash back into the economy to artificially lower inflation

Huh?

Posted by Grusonter Flinegum8820 2021-06-17 01:03|| 2021-06-17 01:03|| Front Page Top

#2 'Hard Cash' is different than 'Printing Extra Currency', GF8820. It has definite value, in this case from the potential sale of a specific commodity wherein the new 'Hard Cash' from that sale would be tangibly equivalent to the commodity's value. The added 'Hard Cash' to the economy would collectively increase the value of the existing currency in circulation.

Just printing currency, with no equality or gain in tangible value as this is typically done at a loss in value, dilutes the value of existing currency in circulation.

Posted by Mullah Richard 2021-06-17 08:19|| 2021-06-17 08:19|| Front Page Top

#3 I probably should have said that 'The Chinese might also pump this hard cash back into the economy to artificially lower inflation but only after the Mandarins take their cut.'

Posted by Mullah Richard 2021-06-17 09:20|| 2021-06-17 09:20|| Front Page Top

#4 The Chinese also utilize copper and other industrial metals as collateral, commonly more than once. At some point the Shanghai Metals Exchange could become, interesting in the face of the unforeseen.

Posted by Cesare 2021-06-17 15:06|| 2021-06-17 15:06|| Front Page Top

#5 Is this temporary?
How much of the global commodities markets do the Chinese actually influence?

Posted by Punky Gravirong9279 2021-06-17 20:40|| 2021-06-17 20:40|| Front Page Top

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