​Any Iron Ore Rally Is “To Be Faded”; Goldman Warns – Tyler Durden

Any Iron Ore Rally Is “To Be Faded”; Goldman Warns China’s PBOC rolled out the monetary cannons to prop up the world’s second-largest economy, unveiled in an exceptionally rare overnight briefing by the central bank chief alongside top securities and financial regulators. The key takeaway: The breadth of action only suggests Beijing is extremely worried about what’s coming down the pipe.  Notably, the PBOC’s stimulus package follows about a week after the Fed’s emergency-like 50bps interest rate cut. Despite what seems like coordinated global monetary easing, Goldman analysts remain unconvinced that this coordinated effort will stabilize specific commodity prices, such as iron ore. On Tuesday, Goldman’s Thomas Evans told clients to…  — Continue at ZeroHedge News : Read More