RE: RE:9918 Oct 2016 15:00
BTW, the cause of that transitory spike may be the USD Consumer Price Index Ex Food & Energy (YoY) (SEP) coming in at 2.2% instead of 2.3% - hardly a disaster but in a scenario where a nervous market is constantly looking for inflationary boosts, even the slightest fractional miss of a target gives everyone the willies ...
The funny thing is of course that lack of inflation, arguably, adds upwards pressure to PMs cos it makes it so less likely there'll be a rates rise but conversely, inflation is also bullish for PMs :)
Win-win or am I missing something??