china produces a lot of pm itself and buys that directly from local producers, so a low spot price is good for the chinese goverment.

because china only owns a small amount of pm's, china also buys on the world market so a low spot prize is good for that as well.

chinse goverment allowed its people to own pm's sice about two years, a low spot prize is supportive for that as well.

jpmorgan is just their vehicle- these people do everything for money, no morals at all, so no questions asked.

china seems to be slowly backing up their currency, to make the difference with the us $ which seem to have a limited future value wise.

seems butler is spot on to me, like most of the time.

cheers roos.