Miners fall as iron ore futures bounce

Tuesday 2 September 2014

Today’s midday iron ore update is an interesting turn of events. Junior miners are down today and I’ve added BCI given I can’t really ignore it’s ongoing crash:

The majors are down too:

And the idiocy spread is beginning to close:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.