Hmmm. Well what do we have here? We noted yesterday that, despite some serious strength in the POSX, commodities generally moved higher. And now here we are again today with the full board in the green. What an interesting development.
I hope that you had a chance to listen to last evening's podcast as this issue was discussed. In short, the Chinese rate cut early Monday may be the first signal of a renewed loosening of monetary policy and move up in their "credit impulse". We discussed this as a factor that could drive PM prices in 2022 and here again is that screenshot from the...
