With no leads from China from today for a week due to Golden week holidays there, am expecting the resource rally from China stimulus exuberance to fizzle out, with markets paying closer attention to a spate of US economic data due out this week including the big jobs report out on Friday.
The level of euphoric exuberance stemming from China is reminiscent of similar speculative animal spirits we last saw during the gold rally in China in the earlier part of the year.
Euphoria fades.
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