Iron ore miner slide arrested as futures calm

Friday, 17 October 2014

By David Llewellyn-Smith

That funereal stink pervading markets yesterday has lifted and iron ore miners are again ambulant if not exactly robust today. RIO and FMG are down marginally and BHP flat. The major’s relative performance chart is still has some bed sores:

The idiocy spreads are stalled but much improved on recent times:

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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.