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Michael Gebhart wrote: I'm wondering what you guys think about China and how they will affect commodities prices near term.
Kyle Bass has been commenting recently on the Chinese banking meltdown coming soon and the U.S. has been imposing stiff tariffs on certain types of Chinese steel such as corrosive resistant steel and cold-rolled steel. The last time U.S. steel tariffs were imposed in 2002-3 they negatively impacted the manufacturing sector. To me it seems these problems could trigger a new low for commodities and cause disruption in the natural resource sector causing what Rick Rule refers to as supply destruction leading to much higher prices in the future.
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