Oil, gold, iron, coal, AUD, BHP all crashing…

David Llewellyn-Smith

Monday, 1 December 2014

It’s a bit hard to keep up to be frank! Brent is falling faster than Charlie Aitken’s pride:

Gold is in free fall:

So is the Aussie:

We already know about the other bulks. Copper was at post-GFC lows on Friday and BHP is down almost 4% this morning:

And has broken its post-GFC support line at $30.48:

Not much support below, either…

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.