It’s not going well for the iron ore miners today. The rupturing of Arrium, Chinese house prices sliding fast and Chinese markets selling again with rebar futures down 19 points and Dalian iron ore futures down 4 points. The falling dollar can’t put a dent in it. Here are the juniors with everyone at 2014 (and much longer) lows:
The majors are down hard too with BHP and RIO off 1% and FMG down 2.5% having lost the $4 handle again:
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All things considered it’s probably quite a good performance and thus the idiocy spread has sooooooo far still to close: