Having had yesterday off, it appears the ubiquitous morning dump in precious metals is back in all its glory... but didn't Jim Bullard just tell us 'Fed policy will stay very easy for a long time'?
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Tracking all things that relate to and affect the price of gold.
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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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Yup. Funny how it works, isn't it? But don't worry, there's nothing to see here. Move along, move along. No, those aren't feet behind that green paper curtain with George Washington's mug all over the place.