https://www.moneymetals.com/news/2015/11/09/future-commodity-demand-000786
“The PMI is a great tool to try to measure the temperature going
forward and it's highly correlated to the commodity demand,” Holmes
said.
“China turned positive, America's positive, Europe is positive, and
when you get global PMI turning positive, the math suggests that in the
next three months or six months you'll see a rise in commodity prices,
in particular for copper and gold and oil.”
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