LONDON (Dow Jones)--Copper's recent gains are built on a market perception that China is to increase its physical strategic reserves, when the country actually intends to boost its exploration activities, industry analysts said Wednesday. 

=DJ INTERVIEW:China Economist: Gold Reserve Comments Not New

SHANGHAI (Dow Jones)--A part-time Chinese economist whose comments on China's gold reserves were cited as a reason behind the yellow metal's most recent price rise said he has long promoted the attributes of gold and has no knowledge of central bank policy. 

Just in one day, two misreadings by the international market have resulted in price changes of two most price-sensitive commodities worldwide -- copper and gold, and the reason for that is a news agency other than D J pick up Chinese news reports inappropriately, to be more accurate, one over-amplification while the other omitting important information.

Global investors, after reading the pickups by that agency, found the only thing they don't lack is fresh news for trading. However, such inappropriate news handling is no good thing at all for the already existing IRRATIONAL EXUBERANCE.