China Aluminum chops prices
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/china-aluminum-chops-pricesPosted on Tuesday, June 3rd, 2008 | In Asia, China, Current Market News, Stocks to Watch
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
Here is a rare piece of dis-inflationary commodity news. China Aluminum Corporation (also known as Chalco) cuts its wholesale spot price of aluminum by 16.7%. I don’t own Chalco and I sold my energy stocks 2 weeks ago and this is another piece of confirmation that tells me commodity prices are overdue for a pullback.Temporary…but a pullback nonetheless.
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Tags for this Post:
Aluminum Corporation, Aluminum Prices, Asia, China, Commodity News, Commodity Prices, Confirmation, Current Market News, Energy Stocks, News China, News Corporation, pullback, Rare Piece, Stocks to Watch, Wholesale
Aluminum Corporation, Aluminum Prices, Asia, China, Commodity News, Commodity Prices, Confirmation, Current Market News, Energy Stocks, News China, News Corporation, pullback, Rare Piece, Stocks to Watch, Wholesale
![]() About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |



