Funds pull $20 billion from copper as mega bull trade unravels
Mounting worries about Chinese demand is helping to spark a rapid exodus from copper.
Here’s Dale Tweeting from his desk | As Tweeted by @bankofengland
The Bank of England has taken to Twitter to bolster its public image.
On Friday, the Bank’s Cheif Economist Spencer Dale spent several hours answering the public’s questions during a ‘Ask Bank of England’ Twitter session (hash-tag #AskBoE).
Unfortunately for the MINING.com crowd, all gold-related questions went unanswered.
#AskBoE. Where did 1300 tons or there about of gold go this year ?
— dave lee (@davelee46) October 18, 2013
@davelee46 is probably referring to this story.
@bankofengland When is BoE gonna to publish details of its gold sales auctions? E.g. Who were exact buyers and prices? #askBoE — Mortymer (@mortymer001) October 18, 2013
#AskBoE what are the Uk Gold reserves? are these being increased? — Devan Forex (@Devfxtrader) October 18, 2013
Story here.
But enough about unanswered questions. Here’s what the BofE did want to talk about.
@bankofengland @stacyherbert #AskBoE what is pounds? Banknotes don’t even have the word ‘sterling’ on them. Pounds of what exactly? Silver?
— MrReeman (@MrReeman) October 18, 2013
#AskBoE @MrReeman It was originally pounds of silver. But not anymore I’m afraid.
— Bank of England (@bankofengland) October 18, 2013
@bankofengland #askBOE Do you think it’s worthwhile to be in the EU?
— Brad Moult (@BradleyMoult) October 17, 2013
#AskBoE @BradleyMoult UK has benefited from access to the single market, but there are many other considerations that are outside my brief
— Bank of England (@bankofengland) October 18, 2013
Plenty more at the full session here.
The Twitter exchange also gave rise to a few cat pictures, at which point the Bank decided to sign off.
