ML-Implode News - China's Great Ball of Money Is Rushing Into Commodities Futures

"The great ball of China money is moving away from bonds and stocks to commodities," said Zhang Guoyu, a Shanghai-based analyst at Tebon Securities Co. "We've seen a lot of people opening accounts for commodities futures recently."
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While the underlying products may be anything but glamorous, the numbers are eye-popping: contracts on more than 223 million metric tons of rebar changed hands on Thursday, more than China's full-year production of the material used to strengthen concrete.
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"The market is moving so quickly, yesterday felt just like the stock market in June last year before the crash," Tiger Shi, a managing partner at Bands Financial Ltd. said by phone from Hong Kong. "I think how it goes up, that's how it will come down."

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China's Great Ball of Money Is Rushing Into Commodities Futures