Column: China’s commodity import trend driven by prices, not economy
China's imports of major commodities are often viewed through the prism of the performance of, and outlook for, the world's second-biggest economy.
Equities and commodities all received a boost during Obama’s first-term due to the fiscal stimulus but the standout was silver.
When Obama won the election silver was $9.47/oz. It is now trading at $32.60/oz.
Shouldn’t Eric Sprott, who has buying lots of the stuff, be happy that the incumbent is back?
Chart from Peter Grandich’s blog. Photo of Eric Sprott from Financial Sense Newshour