China drastically cut their own production of coal and is now importing from the US explaining some of the rise in US coal prices.
As far as currencies go, I have watched and watched as the Australian dollar has struggled to go down, then as soon as there is any news or pressure to the upside it shoots up. Hmm. PMI, coal, copper. Aussie?
Yes I watch it. I just don't see it as a pure play on China. Neither is Aussie. It seems more like a buy and hold.
Oh I see. You see Aussie as being linked to gold. I see Aussie as being linked to China, with gold more of a derivative, subject to more factors. Btw do you have any info on iron ore demand?
I've been short Fed Funds for awhile now, it's an easier way to express risk on then being long ES since mid July. ES action is ridiculous, I don't recall too many times where ES held bid into monotone VIX moves.
I was long the Dec/Jan Heat spread per ACD obviously oblivious to what was about to happen. My spread was working before the news came out and would have moved in the same direction just without the gap. I had no exposure to gasoline but in all honesty I would have been short and run over as my gasoline model was calling for the spreads to move back into contango over the winter and clearly they are not due to both this event and the previous colonial pipeline shutdown in sept.