Ivan Glasenberg’s illusory tilt at RIO has all major miners firming today with BHP up 1%, RIO is up an opium-addled 2% and FMG flat. After all, when he’s done buying RIO, BHP and FMG will be next. Here are the comparative indexes:
The idiocy spreads are all widening now and the moron cross (BHP falling faster than RIO) is back in play:
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Apparently Mr Glasenberg’s ambitions do not extend to the juniors: