Bloomberg: Lead Falls Most in 11 Months on China Surplus Report
September 12th, 2009
This conbined with the fall in iron, oil and copper imports suggests that China was stock piling commodities and has discontinued the practice. Unless western production and economic “growth” can make up for the slack caused by China’s discontinuation of stockpiling, commodities will likely continue to get hit hard in the short term and this may lead to a significant rally in the dollar and a decline in equities. We will see.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1IIi4ceojYU