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Very interesting read about changes in how copper will be used, or not, in China. Zerohedge’s last paragraph abouts sums it up. “In brief (pun intended): a complete, unpredictable clusterfuck accompanied by wholesale liquidations of “liquid assets”, deleveraging and potentially a waterfall effect that finally bursts China’s bubble, all due to a simple black swan. [...]

If anywhere close to true it would seems shortages can’t be far behind… I would be very interested what these scenes looked like last year for comparison. See link here.

An interesting read that China may be looking at acquiring 5000-6000 tons of gold or double 1years global production. One can only imagine what the price will do when they announce they have doubled or tripled their holdings since the last announcement of holdings in 2006 at 1054 tons. See article here.

Granted the IMF’s gold is on loan and likely double counted, but zerohedge speculates that China gold reserves could be more than the IMF’s 2814 tons. See link here.

Below is a link to an interesting read. Lots of rumours and possible conspiracy theory but if even part of what is said is true we could be on the cusp of some great moves up in gold. I don’t think anyone can argue that the Chinese are very likely picking off physical at current [...]

With the regular 9 o’clock wacking in gold currently taking place witha pullback to 1615 presently, it’s ironic to note that China imported 135 tons on gold in Q1 2012 vs 19 tons in Q1 2011, a 6 X increase. It should also be noted that 62 tons on this was in March so there [...]

In the latest quarter China has now surpassed India as the biggest importer of gold. Of note is that China has baned the export of gold, implying those buying large quantities are strong hands given they can’t sell it overseas. See full article here.

Now that Kim Jung Il is dead everyone is speculating on the takeover by the son Kim Jung Un. Given the lack of experience it would seem to be tense over there for the new few months. One must also assume that Kim Jung Il didn’t have the time he hoped for to set up [...]

An interesting theory as to why Chavez has really pulled all the gold back home, to keep the Chinese happy. It seems Venezuela has taken some significant loans from China in the past 5 years and may have pushed for some better collateral. Interesting theory, Chavez looks like a hero to the people which helps [...]

An interesting read from Ambrose Evan-Pritchard relating to recent comments/slips from Chinese officials on their desire to move more quickly away from US Treasuries. See full article here.