​Goldman Nails ‘Fade Iron Ore Rallies’ Call As China’s Failure To Deliver Additional Stimuli Sparks Turmoil  – Tyler Durden

Goldman Nails ‘Fade Iron Ore Rallies’ Call As China’s Failure To Deliver Additional Stimuli Sparks Turmoil  China’s National Development and Reform Commission stopped short of announcing new stimulus plans on Tuesday, sending shockwaves through Asian equity markets. In metal markets, iron ore prices plunged, proving Goldman analysts right in their recent note to institutional clients to “fade iron ore rallies.” “NDRC underwhelms relative to elevated stimulus expectations (little incremental and no hints at new local government special bond issuance). PBOC-owned newspaper running story that authorities are guiding against bank lending that goes directly to the stock market (probably a good thing),” Goldman’s Rich Privorotsky told…  — Continue at ZeroHedge News : Read More