Finally, I understand why loan volume at major banks remains stillborn. Bankers only want to write loans on their own draconian terms.
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I am in love with copper, with coal, iron ore and oil, too, in that order, but not gold. Honchos scored with gold last year, but now gold is coming in, even with the Middle East in flux and incindiary.
The world is witnessing serious commodity inflation in oil, copper, iron ore and grains. All this could lead to tightening by central banks, worldwide.
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