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Monday, November 09, 2015

Key Indicator of Future Commodity Demand Turns Up

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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