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Copper investors are spooked after China authorities took steps to ease inflationary pressures,...

Copper investors are spooked after China authorities took steps to ease inflationary pressures, tightening liquidity by reversing policy on repos and draining $4.8B from the system. The move has affected shares of Freeport McMoRan (FCX -2.3%) and Southern Copper (SCCO -2.3%); China equities (FXI -2.1%) also are under pressure.
Comments (5)
  • Currency wars. QE in America, Europe, and UK -- and now Japan -- exports inflation to China.
    19 Feb 2013, 03:07 PM Reply Like
  • What effect will this have on gold and silver?
    19 Feb 2013, 05:38 PM Reply Like
  • here is one opinion Interesting Times

     

    http://bit.ly/YFeVff
    19 Feb 2013, 11:43 PM Reply Like
  • This herd spooks way too easily ...
    19 Feb 2013, 07:32 PM Reply Like
  • Sadly stocks should be spooked more than commodities. Any Chinese tightening is getting reversed by US, Japan, et al loosening which is the real driver of inflation even in China.
    19 Feb 2013, 09:52 PM Reply Like
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