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« Ukip wins European elections with ease to set off political earthquake | Main | Debt Crisis Poking its Head Up Again in Europe »
Monday
May192014

"Conflict Between China And Vietnam Is Imminent" - China Piles Troops, Tanks, Artillery And APCs Near Vietnam Border


Earlier today, Putin did his usual "we are pulling our forces away from the Ukraine border" gambit (sure he is... and is replacing them with a massive airforce drill), and as usual the algos fell for it, after European stocks suddenly surged out of nowhere on the now quite generic bounce catalyst (Update: RASMUSSEN: NO SIGN OF RUSSIAN TROOP PULLBACK FROM NEAR UKRAINE - what a surprise), but what is shaping up as a far more dangerous escalation is what China is doing next to its border with Vietnam, where as reported previously protesters destroyed Chinese factories and killed Chinese civilians in retaliation over yet another maritime territorial spat.

According to the Epoch Times,"troops, tanks, trucks, artillery, and armored personnel carriers of China’s military were seen heading to the Vietnamese border on May 16 and 17, according to photographs taken by by residents near the border."

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The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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