Gail (28
May 2013)
"Deflation & China"
Is It All Downhill for Commodity Currencies?
May 27th, 2013
A slowdown in China, the world's largest consumer of industrial metals, has contributed to the recent fall in key commodities prices like copper, which has shed 13 percent of its value.
On Monday, Chinese steel futures dropped more than 2 percent to their lowest in almost nine months on soft demand from the world's biggest steel consumer
-Those Central Banks keep buying gold as an overall strategy of portfolio diversification.
May 26th, 2013 Central bank reserve managers are conservative rather than speculative and will ignore the day to day fluctuation, some central banks may have even increased their holdings by more than they would have now that gold prices have dropped.
May 10th, 2013
The European Bank for Reconstruction and Development Friday slashed its growth forecast for Russia, because of a weak outlook for commodity exports, and said radical steps were needed to persuade local and foreign businesses to invest in Russia.
The main reason for its pessimistic view was the impact Russia faces from the weakening world demand for commodities.OPEC Exports face 'Glum demand'
May 2, 2013
“Import demand in the west is dead,” Roy Mason, the founder of Oil Movements, which tracks current and near term sea borne oil flows. “If there’s going to be a ramp-up this summer the demand is going to have to come from the east.”
And China is the #1 consumer of Iran's oil.
It's a very small world.
Mid-Point - The time of Infamy, coming up
God Bless,
gail