Correlation Economics Backup

China copper demand has been very strong for a long time, but has actually not increased from last year. However, aluminum (and therefore also iron and steel) has been very strong recently and more importantly, continues to be strong.

From the PGM market report .  

There is an abundance of  Chinese EV projects .

Container shipping is booming. 

Chinese Bonds outperform.

Silver is leaving the COMEX and moving into PSLV.  

In case you want to read the 350 pages of In Gold We Trust, here it is . This is probably one of the most important charts: silver mine supply. Gold production in China is down. In fact, most gold miners have seen lower gold production.