Friday 05NOV2010 1225GMT
Quickie while awaiting the US employment figs.
I like Business Insider and especially Joe Weisenthal. He seems to have a loyal band of perma-bears adding abusive comments to his stories. And anyone who annoys the perma-bears is a friend of mine! Whoops, my bias is showing …
This is a nice heads-up, raising the point that maybe it isnt so much QE2 that is boosting commodity prices, but also, and maybe even more so, the resurgence of Chinese industrial production. Makes ya think.
There’s A Force Bigger Than Bernanke Causing Commodities To Rise http://www.businessinsider.com/commodities-are-surging-but-its-not-because-of-qe-2010-11?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29
ps. Seems to have been good soaking up of the ES on the bid during the non-cash (overnight) session.