When the monetary juice flows from China this reduces stress on the world, it creates demand, it lowers the US dollar and supports the Euro, world wide manufacturing improves.
China knows the US yield curve is forecasting recession like conditions late 2023. US recessions creates a negative world wide demand effects, and that is the last thing China manufacturing wants coming out of a COVID slump period. Therefore one can expect solid Chinese support for recovery in 2023.
Chart 1 - From Raoul Pal weekly free GMI report. China credit impulse leads world manufacturing (PMI).
Chart 2 - Silver large draw downs of silver COMEX stocks must eventually put higher pressure on price. Silver is a in demand commodity for green energy technology like solar.
Chart 3 - Silver long term cycles (black) are bullish, while short term cycles are ready to turn higher (green).
Original Post: https://ift.tt/DWscInr
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