Commodities from copper to corn tumble on China crackdown, rising dollar (cnbc.com)
After reading the above article, the recent slide on GP is now less of a concern. The inflation trade i.e. gold as put forward by Paul Tudor Jones is still very much in play.
Paul Tudor Jones: 'Go all in on inflation trade' if Fed keeps ignoring higher prices - YouTube
The impact of the coming 28th June implementation of NSFR on gold by EU regulation seems to be usurped by the Chinese crackdown and the rise in US$ (triggered by a rise in the Treasury yield rate the night before). 28th June (10 days countdown) is coming and hopefully it will set off a surge in GP.
Cheers.
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