Tuesday, February 09, 2010

 
 
 

 
 
 
 
 
Chinese mining stock boom: gold and copper miners lead surging market
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Wednesday, April 01, 2009
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If you're looking for an emerging market momentum trade, look at China... and look at Chinese miners.

This week, China's benchmark Shanghai Composite Index reached its level since August 25. The index is up 32% so far this year. Commodity producers Zijin Mining (China's largest gold miner) and Jiangxi Copper (China's largest copper miner) are leading the way and breaking out to new highs.

Chinese stocks reached bubble levels in 2007... so they fell much further than the rest of the world. Now that the Chinese government is pumping money into the economy, these beaten-down shares are rebounding like crazy. The "China reflation" trade is on...

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China's big dollar secret is revealed

Topics: Mining | China | Commodities
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