Iron ore crash resumes

Tuesday 25 November 2014

Charlie Aitken had one good day but the iron ore crash returns today with RIO and BHP at the verge of new 2014 lows, down the better part of 2% and retracing much of yesterday’s short squeeze. FMG is down 6%. Here are the comparative charts:

The idiocy spreads are still widening:

Juniors are still corpses:

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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.