We all see what we want to see in economic reports. That's why I rely on the message of the market rather than opinion for vision. The message, repeated for decades in the US, has been one of increasing personal consumption in the United States. While consumption drives the economy today, it cannot replace investment as the driver of tomorrow's.
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Tracking all things that relate to and affect the price of gold.
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Hal
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Scooped by Hal onto Gold and What Moves it. |
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Marc Howe writes:
South Africa has become the third largest supplier of iron ore to China as rival exporter India struggles to overcome troubles in its mining sector.
Business Day Live reports that exports of iron ore from South Africa to China leapt a stunning 12% to 40.6 million tonnes in 2012 compared to 2011, while Indian exports plunged nearly 55% to 33 million tonnes.
India implemented a strict crackdown on illegal operations in its mining sector last year, stanching overseas sales of iron ore to the immense benefit of international competitors. ...
Hal's insight:
No surprise here. China has been on this course for years now. Delete the scoop?
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I liked this statement from Eric, so clipped it here. Click through for the chart he linked to it.