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China’s Gradual Re-Opening Has Put Copper in a Bull Market

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On June 4, 2020, copper entered a bull market spurred by robust demand from China and hedge funds “closing bearish bets” according a report from Neil Hume at Financial Times.

Copper is used in almost all construction projects and white goods and is a large source of earnings for miners across the globe.

It was up over 20 percent from its March low by the evening of June 4, when it went over $5,330 a ton. Based on these prices, copper is now in its bull market phase.

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“Economic data is signaling a robust recovery in the Chinese construction and manufacturing sectors during the second quarter,” declared Robert Edwards, principal analyst at consultancy CRU.

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Half the world’s copper output is consumed in China. Chinese demand for copper has increased significantly since Beijing started relaxing its lockdown in March.

Supply dislocations have continued to rise as the Wuhan virus rocked South America, which is home to prominent copper mines. In Peru, mined copper production dropped by 33 percent in a year timespan on April to 1.5 million tons, according to the country’s Ministry of Mines and Energy.

Despite the chaotic nature of the Wuhan virus, China appears to be slowly bouncing back. The East Asian country is no joke and is a formidable adversary to the U.S. due its authoritarian ethos and expansionist agenda.

Once America is re-opened, it must go back to basics when it comes to dealing with China and developing rational strategies to contain Chinese influence.

Campaign 2020

The American Right Should Beware of Campaign Consultant Grifters

Some people want to make a quick buck with zero results to show for it.

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Heading into 2022 and 2024, America First operatives should be careful dealing with campaigns run by grifters. 

Patrick Clerbune of VDARE put out an informative post that serves as a warning to all about the rampant corruption within Republican political consultant outfits. 

He highlighted a Washington Post piece detailing how donors gave more than $8 million to Kim Klacik, a black woman running as a Republican candidate in Maryland’s 7th district. In reality, the money donated to Klacik’s campaign went straight to the fat pockets of political consultants who knew full well that she couldn’t win.

The Post went into further detail about this naked grifting opportunity:

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Her campaign is an example of how some consulting firms are profiting handsomely from Republican candidates who have robust appeal in today’s politically charged environment…

By the end of Klacik’s campaign, she would raise a staggering $8.3 million and pay nearly $3.7 million of it to Olympic Media, according to campaign finance filings.

For political veterans, this is nothing new under the sun. Political consultant parasites such as Karl Rove are notorious for enriching themselves by running failed campaigns and diverting resources from actual winnable races. Rove was also involved in the Georgia Senate dumpster fire, where the GOP dropped a whopping $1 billion and still ended up losing both seats. 

Pointing out how the managerial state is detrimental to all Americans, especially minorities, is one thing. But using failed ethnic pandering and running campaigns in districts that can never be won by Republicans is another. 

In the aforementioned case, Maryland’s 7th district has never gone Republican in its history and was the long-time home of Elijah Cummings from 1996 until his death in 2019. Democrat challenger Kweisi Mfume completely obliterated Klacik 74 to 25 in the 2020 general election. 

Intelligent nationalists would be wise to recognize that certain races are lost causes, which drain resources that could otherwise be allocated towards winnable campaigns. A large degree of skepticism should always be directed towards the political consultant class. Their money-making model does not always translate into electoral success.

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