Loading ...The Goldman guy may not have been talking about the Chinese central bank, maybe about Chinese players on the Shanghai exchange. I’m with you on Goldman, they have a $4500 target by year end. What to believe.
It does seem to me that the Crimex is absorbing some of the selling during the day though and there hasn’t been a huge rush to the exits. The sell off so far has not been too chaotic. We’ve seen worse. Maybe US players are picking up the pieces?
Fed meeting, jobs report, eco data, rates easing on the 10 year. It’s all bullish. I think there’s a gap to fill in the $3100 area. We’ll see what happens there.