New China Trader

Exclusive Interview: Jim Rogers Predicts Bigger Financial Shocks Loom, Fueling a Malaise That May Last for Years

Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report VANCOUVER, B.C. – The U.S. financial crisis has cut so deep – and the government has taken on so much debt in Continue Reading

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From New China Trader:

 

China Double



The first double was a small dry goods shipping company.

According to Sichuan government sources, earthquake reconstruction efforts alone will require 37 million tons of steel over the next three years. And between expected demand from the stimulus and reconstruction efforts, steel demand in Sichuan province alone could exceed 50 million tons annually in the coming years, equivalent to 10% of the national demand estimated for 2010.

And that proved to be very good for companies like this shipper… that specializes in transporting hard goods like steel.

We recommended it at $2.27 in April of 2009.

Less than thirty days later, we’d doubled our gains, and closed out half our position at $4.54 – potentially recouping readers’ original investment and giving us a free-ride on the play.