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dwot (30.79)

Mining Hit In China



May 12, 2008 – Comments (3)

Seems the earthquake there is in one of their main mining areas...

Not sure how much production is affected...

3 Comments – Post Your Own

#1) On May 12, 2008 at 11:23 PM, FleaBagger (27.66) wrote:

That's kind of a mercenary take on the situation...

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#2) On May 12, 2008 at 11:39 PM, AnomaLee (28.73) wrote:

You have to consider that if a frickin' snow storm severely disrupted production and quarterly profits & supplies then a 7.8 earthquake can't possibly be good...

I was debating whether to write a blog about this, but I'm too tired and lazy right now. This looks very bullish for a host of real goods though.

Disruptions to coal supplies may be the best play above metals. My quick analysis: It worked very well after disruptions from the winter snow storms, and coal reserves are dwindling worldwide while demand is soaring in China

I haven't charted and researched how much production has been affected either, but I'd place a 9:1 bet that you should cover your shorts(if you've been brave enough to short energy prices) because prices will probably go up...

More sad news is that the average utility bill in the U.S. should probably be at least 30% higher come this winter. That's considering a discount to the actual rise in commodities...

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#3) On May 12, 2008 at 11:43 PM, AnomaLee (28.73) wrote:

I don't want to sound too much like a piggish cold-blooded capitalist. Unlike the many in charge I actually care about the average person. This is sad story and I hope people receive the proper aide.

Now... buy coal, coal, coal, metals, steel, grains & food....

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