Iron ore miners struggle as futures bounce

Monday, 8 December 2014

The big iron ore miners are struggling today after a weak London session. BHP and RIO are both bouncing around recent lows going nowhere. FMG is flat as well.

The idiocy spreads are closing with FMG at new levels of sense and BHP starting to see the light as well. RIO remains the outstanding dunce of current pricing:

The junior race of death is coming around the home turn:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.