The hidden crisis behind copper and iron ore price collapses

Hedge funds are shorting copper, BHP and Rio Tinto because they see dangerous weaknesses in China's banking system. The next stop for the market manipulators could be the Aussie dollar.

The dramatic fall in the copper and iron ore prices plus the fall in China’s currency reflects much deeper forces than simply one set of bad China trade numbers.

The fall goes to the heart of the Chinese banking system and to the trading activities of the shorting hedge funds trying to exploit perceived weaknesses.

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