The Mining GFC enjoyed its first short squeeze in a while last night after the ECB muttered the words that everyone wanted to hear from the WSJ:
European Central Bank President Mario Draghi Thursday signaled that the governing council may provide more stimulus at its next meeting in March, noting that the outlook for inflation had weakened “significantly.”
Earlier Thursday, the ECB left its key interest rates unchanged, even as low energy prices and concerns about China’s impact on the global economy threaten to derail the central bank’s efforts to bring inflation back to its target.